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Yong Nam is new LG Electronics CEO
MUMBAI: The Korea based consumer electronics major LG Electronics has appointed Yong Nam as the new vice chairman and CEO, with effect from 1 January. Overall top management changes at LG Electronics include appointments of two new business company CEOs, CFO, Head of Korea sales and marketing operation and 30 other executives.
The company says that the appointment of Nam, known for his drive and strategic outlook, signifies that LG Electronics is making the change to becoming more achievement-oriented. Nam has more than 30 years of experience in LG Electronics, LG Corporation and LG Telecom; prior to his appointment, he served as the head of strategic business of LG Corporation.
He also served as LG Telecom CEO and director from October 1998 through May 2006. Other previous roles include president of the former Multimedia Division of LG Electronics from December 1997 to October 1998 and Executive Vice President of LG Group Chairman’s Office from January 1997 to December 1997. Nam began his career in LG Electronics in 1976, and began working for the chairman’s office in 1989.
Other newly-appointed top executives of LG Electronics include Simon Kang as CEO of Digital Display Company. Skott Ahn as CEO of Mobile Communications Company; James Jeong as CFO; and Wayne Park as Head of Korea sales and marketing.
Kang is the man behind LG’s rebranding success in the US, while Ahn is a mobile communications expert. Jeong is best-known for his achievement of LG’s global management system enhancement. And Mr. Park has worked on new business development for LG Electronics.
LG Electronics also appointed three new executives in other regions, including John Herington and Eric Surdej as the marketing heads of LG Electronics’ US and France divisions, respectively, as well as Dominique Oh as the head of European Mobile Communications.
Brands
Jubilant Foodworks Q3 revenue up 6 per cent year on year
Standalone revenue reaches Rs 18,015 million in December quarter
NOIDA: Jubilant FoodWorks Limited reported a steady rise in revenue for the December 2025 quarter, supported by its India operations, even as overseas exits and impairment charges weighed on consolidated performance.
Standalone revenue from operations rose to Rs 18,015.09 million for the quarter ended December 31, up from Rs 16,986.67 million in the September quarter and Rs 16,110.59 million a year earlier. For the nine months to December, revenue climbed to Rs 52,017.57 million, compared with Rs 45,174.94 million in the corresponding period last year.
Other income for the quarter stood at Rs 89.25 million, marginally higher than Rs 73.14 million in the preceding quarter. The Jubilant Foodworks Employees Welfare Trust, which is consolidated into the results, reported a net loss of Rs 66.97 million for the quarter and Rs 86.37 million for the nine-month period.
During the previous quarter, the company exited its Russian subsidiary, Pizza Restaurants LLC, derecognising net liabilities that had been classified as held for sale. In India, Jubilant Foodworks recorded an impairment charge of Rs 44.97 million on its investment in Hashtag Loyalty Private Limited, following the discontinuation of operations.
In a regulatory filing, the company said it continues to monitor the impact of the new labour codes and has provided incremental amounts as exceptional items in the consolidated results.
Chairman Shyam S Bhartia said the focus remains on strengthening core brands and navigating a volatile operating environment. Jubilant FoodWorks operates brands including Domino’s, Popeyes, Dunkin’ and Hong’s Kitchen in India.
