LG Energy Solution taps LG vice chief Kwon Young-soo as new CEO
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“Kwon has high knowledge and insight for the battery business and is capable of winning strong trust from customers, investors and other interested parties,” the company said in a press release. “The appointment reflects Chairman Koo Kwang-mo’s philosophy to appoint the most trustworthy executives to preemptively prepare for the future.”
Kwon will be replacing president Kim Jong-hyun, who is seemingly resigning to take responsibility for a recent costly battery recall. GM is recalling a huge number of Bolt EVs equipped with LG Energy Solution’s batteries for fire risks.
The appointment requires shareholders’ approval on Nov.1.
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