LG Display to replace its chief executive amid mounting losses

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LG Display to replace its chief executive amid mounting losses
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South Korea's LG Display Co Ltd on Monday said it has named LG ...

LG Display, a supplier to Apple , said in a statement that Chief Executive Han Sang-beom offered to step down over mounting losses.

The display maker said in a statement it held an emergency board meeting to accept Han’s resignation and appointed Jeong, the current chief operation officer and chief finance officer at LG Chem. In the second quarter, LG Display said its operating loss widened to 369 billion won from 228 billion won a year earlier, hit by declining prices of its main product, 50-inch liquid-crystal displays .

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