3 days Ago By David Richards
It appears that LG Electronics has moved to slash costs as opposed to hiring a new Sales Director, following the exit of current Sales Director Murray Richardson, who announced his exit from the Company after undergoing a major medical procedure. Richardson who bounced back after the operation, with a trip to IFA has moved to add additional sales support management before he leaves with sales general managers, Joshua Marshall and Frank Malcaus taking over the main sales roles. LG who has been on a mission to slash long serving employees, with Brad Reed a long-time veteran at the Company dumped with his role given to an outside executive on a “significantly” lower salary according to internal LG friends of Reid.
Michael Green Current Employee at LG Electronics promoted into new sales role. Instead of appointing a new sales director LG management have chosen to restructure of Richardson’s role. Under Richardson LG Electronics Australia sales feel last year, from $1.
206 billion to $947.416 in the last financial year. Profits also fell from $26M to $20M with the business struggling to grow sales in the TV and appliance markets.
As part of the split up of roles Michael Green a current employee who has worked for the South Korean Company for 13 years, has been appointed head of consumer electronics retail sales. Murray Richardson Centre seen at IFA with other LG executives Basically, Green has been given added responsibility and will now oversee state sales management teams a role previously handled by Richardson. Currently LG Electronics is pushing into the B2B market as opposed to the consumer market with the Company recently announcing new commercial washing machines for hotels and laundries.
Also given a new role is current employee Danny Srsa who is now state sales manager for NSW and the ACT. LG has not said how much in operating costs they are saving after the Company reported a shock result in 2023. Also given a new role is Richard Renu who has been appointed to the newly created role of state field sales supervisor for NSW and ACT.
A 14-year veteran he previously trained retail store sales staff while rolling out merchandising programs. In his new role, Renu will support sales teams with administration and marketing support..
