LG H&H CEO steps down after 18 years due to poor performance

Cha Suk-yong, who led LG Group's cosmetics, health and household products maker LG Household & Health Care (H&H) for 18 years, stepped down from his CEO post, the LG Group affiliate said Thursday. LG H&H said Lee Jung-ae, senior vice president and head of its beverage business, will become its new CEO. Lee is the first female CEO among the LG Group's affiliates.

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