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This article was published on September 17, 2010

LG CEO Bows Out Over Mobile Weakness

LG CEO Bows Out Over Mobile Weakness
Alex Wilhelm
Story by

Alex Wilhelm

Alex Wilhelm is a San Francisco-based writer. You can find Alex on Twitter, and on Facebook. You can reach Alex via email at [email protected] Alex Wilhelm is a San Francisco-based writer. You can find Alex on Twitter, and on Facebook. You can reach Alex via email at [email protected]

It has to be hard to compete in the mobile world these days. Companies like HTC are inhaling market share and ejecting new brilliant phones with frightening rapidity. And that pesky Cupertino giant is just as ravenous for growth.

Some companies are therefore unsurprisingly fairing poorly in the current market. LG is just such a company. Following the mobile division’s posting of a more than 100 million dollar loss, the LG CEO is stepping down.

He was appointed in to the position in 2007. LG remains one of the largest handset manufacturers both in the United States and around the world.

On October 1st, the new LG CEO Koo Bon-Joon will take over the head reins. Can he turn around the company in the face of perhaps the fiercest mobile scene ever?