Seems like all the top officers of the leading mobile phone manufactures have been resigning. The latest to take this step is the CEO of LG Electronics. LG Electronics Chief Executive Officer Nam Yong has decided to take the blame for LG’s poor sales in smartphones and market share by resigning.
Whenever or not, this is a good decision on his part is yet to be seen, but putting their posts down are what top executives have been doing for the last two weeks. Meanwhile, LG has already picked another candidate who will replace Nam Yong. Koo Bon-Joon is all set to act and be the new CEO of LG Electronics.
According to reports, Nam Yong was under pressure to resign as LG Electronics’ sales dropped 0.7 percent compared to the sales acquired last year in 2009. Its profit has also dropped and recently, LG was one of the least sold smartphones for Q2 2010.
Comments on this entry are closed.