ANZ Faces Legal Battle as Former CEO Shayne Elliott Sues Over A$13.5 Million Bonus Dispute 
Apple App Store Injunction Largely Upheld as Appeals Court Rules on Epic Games Case 
SpaceX Insider Share Sale Values Company Near $800 Billion Amid IPO Speculation 
SpaceX Reportedly Preparing Record-Breaking IPO Targeting $1.5 Trillion Valuation 
EU Court Cuts Intel Antitrust Fine to €237 Million Amid Long-Running AMD Dispute 
Trump’s Approval of AI Chip Sales to China Triggers Bipartisan National Security Concerns 
China Adds Domestic AI Chips to Government Procurement List as U.S. Considers Easing Nvidia Export Curbs 
ADB Approves $400 Million Loan to Boost Ease of Doing Business in the Philippines 
Microsoft Unveils Massive Global AI Investments, Prioritizing India’s Rapidly Growing Digital Market 
Samsung SDI Secures Major LFP Battery Supply Deal in the U.S. 
Mizuho Raises Broadcom Price Target to $450 on Surging AI Chip Demand 
Trello Outage Disrupts Users as Access Issues Hit Atlassian’s Work Management Platform 
Air Transat Reaches Tentative Agreement With Pilots, Avoids Strike and Restores Normal Operations 
Rio Tinto Signs Interim Agreement With Yinhawangka Aboriginal Group Over Pilbara Mining Operations 
Moore Threads Stock Slides After Risk Warning Despite 600% Surge Since IPO 
Gulf Sovereign Funds Unite in Paramount–Skydance Bid for Warner Bros Discovery 
LG Display carried out its annual reshuffle and announced on Thursday, Nov. 23, that it has selected its new chief executive officer. The company appointed the 62-year-old Jeong Cheol Dong to the role.
The new LG Display CEO is currently leading LG Innotek Co., Ltd. He has been the president and chief of the electronic component manufacturer since 2019 and now he is set to move to another LG Group subsidiary. Jeong’s term at LG Innotek is set to officially start on Dec. 1, as per Korea Joongang Daily.
The New Appointee is an LG Veteran
Jeong has been working for the LG Group for 40 years and throughout his tenure, he has held various top management positions in different affiliates of the multinational conglomerate. Aside from LG Innotek and LG Display, he has served at LG Chem and the others as well.
"The appointment comes as the company seeks to gear up to handle the changing business environment, by strengthening OLED-focused businesses, coming up with differentiated technology and competitiveness in price and product quality," the OLED display panel maker said in a statement. "We seek to speed up creating special customer value and promote qualitative growth."
In any case, The Korea Herald reported that the appointment of Jeong Cheol Dong will be made official in the first quarter of 2024. This will take place at LG Innotek’s general shareholders’ meeting and board meeting in March.
Other Promotions and Appointments
Jeong Cheol Dong is replacing Jeong Ho Young as head of the LG Display. According to The Economist, the outgoing president has led the company since 2019 and he is stepping down after making the decision to retire.
“It is with a heavy heart that I am leaving without being able to translate the business structure advancement that has been promoted as a core strategy for many years into tangible results,” Jeong Ho Young told executives and employees as his retirement was announced.
On the other hand, LG Innotek promoted Moon Hyuk Soo who was the firm’s chief strategy officer, to succeed Jeong Cheol Dong. Seven other executives were also promoted during the annual company reshuffle.
Photo by: LG Display Media Center
