Lock&Lock Appoints Former LG Electronics Vice President Lee Jae-ho as New CEO

[Asia Economy Reporter Kwak Min-jae] Lock&Lock has appointed former LG Electronics Vice President Lee Jae-ho as its new CEO. The official appointment procedure is scheduled to take place at a special shareholders' meeting on the 17th of next month, where Lee will be appointed as an inside director.

CEO Lee graduated from Seoul National University with a degree in Business Administration and also holds an MBA from Seoul National University Business School. Until recently, he served as the head of LG Electronics Rental Caring Business Center and as a vice president. Additionally, he is a professional manager with experience mainly in B2C (business-to-consumer) companies, having held positions such as CFO of NCSoft, CFO and vice president of Coway, and CFO of SSG.com.

In particular, during his tenure as head of LG Electronics Rental Caring Business Center, he led the growth of the newly established Rental Caring Business Center steadily through active marketing and expansion of the rental business.

CEO Lee plans to continue the role of former Lock&Lock CEO Kim Sung-hoon and work to enhance Lock&Lock’s growth and competitiveness in the future. Since his appointment as CEO in 2017, former CEO Kim has laid the foundation for Lock&Lock’s long-term development through two consecutive terms.

Former CEO Kim said, “Since first taking office as Lock&Lock CEO in 2017, I have focused on introducing and internalizing fundamental systems and frameworks to enhance the company’s growth potential from a long-term perspective. I hope that under the new CEO’s leadership, these foundations will strengthen the company’s internal stability, and I will continue to support Lock&Lock’s progress as an advisor.”

CEO Lee said, “I am grateful for the efforts of former CEO Kim Sung-hoon, who helped Lock&Lock establish a system and become a ‘company-like company.’ I will do my best to carry on Kim’s role well and help Lock&Lock achieve a second leap forward as a leading company in the global household goods market.”