The Brother Of Lg Electronics Nan Yong Succeed The Position Of Ceo

CEO changes, from ambition, improve confidence

. For the younger brother of the group took over the CEO's electronics company LG Group, the overwhelmed executives change, more is to demonstrate a determination. In 2007, when Apple chief executive (CEO) Steve Jobs will be his finest creations iPhone series of high-end phones to the global counter, this smart phone products already in the market caused by the shock; three years later, points of interest as consumers increasingly shift to high-end smart fields, combined with the global financial crisis hit the market demand, the cell phone market within the smart phone products, "Apple effect" gradually accumulate and eventually turn this summer and fall birth of shock effect - September 2010, the world's largest cell phone maker Nokia and third-largest manufacturer LG Electronics are made for different business levels of the "coaching" decision, coupled with Obermann, CEO Deutsche Telekom bribery investigation, a time series of global telecommunications markets staged good show, and drawing the attention of consumers to a more tragic picture of the future market competition into. Nam out: inevitable The world's third largest cell phone maker LG Electronics, the "coaching" in the September 17 decision to be announced, the South Korean company LG Group, the first four families, said the flagship companies in the cell phone business suffered in the second quarter, a record the scale of losses, the CEO job change will occur, the Group Chairman Koo Bon-moo's younger brother, aged 59, with the October 1 Jun will take over the duties of the incumbent CEO Nam; and Nam already this causes " company's current difficult situation, "resign. This year in July, LG Electronics has announced that it has suffered in the second quarter of this year up to 1200 billion won (about 103 million U.S. dollars) in the largest quarterly loss in history; However, when the company announced 20 new models during the product release and that the handset business will rebound in the fourth quarter result. Shinhan BNP Asset Management in any of the first Wilkie Fund Manager is that it seems investors, LG Group, the internal appointment marks the Group intends to carefully build a better business strategy to compete in the global cell phone market (cheap cell phone); and "Considering that LG products are currently competitive in the smart phone market has been underdogs, and even reduced to second-tier manufacturers, Nam has actually submitted his resignation inevitable." Investor reaction also confirms the above conclusion: As local time at 15 o'clock on September 17th, LG Electronics shares rose 4.7% the day for March 25 this year, its biggest one-day gain. While LG Electronics shares trading at 20, down 0.98%, but the term is still considered the company's strong stock price up, may make the previously favored in the smart phone market environment is difficult to obtain funds in the market (cheap smartphones), LG Electronics to obtain transfer . Data show that since 2010, entered, LG Electronics shares have fallen up to 16%, with the May 2008 compared to the historical peak, the company's share price has fallen more than a third (unlocked cell phones for cheap prices).

by:www.goodscool.com

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