LX Holdings Appoints Vice President No Jin-seo as Co-CEO

Chairman Koo Bon-joon and the 'Co-CEO System'

"Strategist No Jin-seo to Drive Accelerated Group Growth"

Executive Director Koo Hyung-mo Promoted to Senior Executive Director of Corporate Planning Division

No Jin-seo, newly appointed Vice President and CEO of LX Holdings. (Photo by LX Holdings)

[Asia Economy Reporter Moon Chaeseok] LX Holdings is accelerating group growth by newly appointing Vice President Noh Jin-seo, who led the robot business at LG Electronics, as an inside director.

On the 29th, LX Holdings held its regular general shareholders' meeting and board of directors meeting, announcing that Vice President Noh, newly appointed as an inside director, was also appointed as the new co-CEO. The new CEO Noh will lead LX Holdings alongside Chairman Koo Bon-joon under a dual CEO system.

New CEO Noh previously served as LG Electronics' Strategy Manager (Senior Manager), Head of Planning Team at LG Corp. (Executive Director), Head of LG Electronics Robot Business Center (Executive Director), and Vice President of LG Electronics CSO Division. Since joining LX Holdings as Chief Strategy Officer (CSO) upon its establishment in May last year, he has been leading the group’s mid-to-long-term strategies, improving business-centered management structure, and driving future growth.

LX Holdings explained that CEO Noh was appointed as the right person to strengthen the company’s growth foundation by advancing business structure sophistication, proactively responding to management risks, and executing ESG (Environmental, Social, and Governance) management. An LX Holdings official said, "CEO Noh is an outstanding strategy expert with excellent insight into global market changes, capable of setting and operating strategies from a new perspective. We expect him to actively promote strengthening competitiveness for sustainable group growth, diversifying the portfolio, and creating synergy among affiliates to prepare for the future."

At this regular general shareholders' meeting, agendas such as approval of the 2021 financial statements and amendments to the articles of incorporation were also resolved.

At the board meeting on the same day, LX Holdings also promoted Executive Director Koo Hyung-mo to Executive Director of the Management Planning Division. The new Executive Director Koo is responsible for discovering new growth engines and playing a key role in strategic mergers and acquisitions (M&A).