LG Display to replace its chief executive amid mounting losses
Share:
SEOUL (Reuters) - South Korea's LG Display Co Ltd on Monday said it has named LG Chem President Jeong Ho-young as its new chief executive officer.LG Display, a supplier to Apple , said in a statement that Chief Executive Han Sang-beom offered to step down over mounting losses. LG Display has been struggling with a global supply glut in liquid-crystal displays (LCDs) used in television sets, which has pushed down prices. Like many other global tech firms, it is also dealing with uncertainties..