LG Electronics Inc. has named Wayne Park president and CEO of LG Electronics North America and James N. Shad president of its U.S. sales subsidiary, LG Electronics USA.
Effective Feb. 1, 2010, Park succeeds Michael Ahn, who is retiring as CEO of LG Electronics North America after six years at the helm. Ahn, who successfully established LG as a top-tier premium brand with 20 percent annual revenue growth, will serve as a senior advisor to LG Electronics.
Effective Jan. 15, 2010, Shad succeeds Teddy Hwang, who has been appointed executive vice president, global sales and marketing, for the LG Electronics Air Conditioning Company, which is being expanded to include LG's new solar renewable energy and LED lighting business areas.
Effective Jan. 1, 2010, at LG Electronics Canada, current chief operating officer Eric Agius has been named president, succeeding William Cho, who has been appointed head of LG's Australian subsidiary.
Park returns to North America after serving as executive vice president and head of the Korean market for LG Electronics. Previously, Park was responsible for the company's global business strategy, evaluated the marketability of emerging markets and reviewed new business items as executive VP, corporate strategy.
Agius, the new head of LG Electronics Canada, has been chief operating officer for LG Electronics Canada since April. He joined LG after a 14-year career with Nike, most recently as president and general manager of Nike Canada.
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