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LG.Philips LCD Announces Executive Nominations for 2007.

SEOUL, South Korea -- LG.Philips LCD (NYSE:LPL) (KRX:034220), a leading innovator of thin-film transistor liquid crystal display (TFT-LCD) technology, announced today that its Board of Directors has approved nomination of Young Soo Kwon, currently President and Chief Financial Officer (CFO) of LG Electronics, as President and Chief Executive Officer (CEO) of LG.Philips LCD at the next Annual General Meeting.

Other executive nominations included the appointment of Jong Sik Kim, Executive Vice President, to Chief Production Officer (CPO) of the company and the appointment of In Jae Chung, Executive Vice President, to Chief Technology Officer (CTO).

Hyun He Ha, Vice President and Head of the Small & Medium Displays Business Unit, will be promoted to Executive Vice President.

These new executive nominations are focused on solidifying the company's reorganization into a business unit-based structure through clarifying the responsibilities and authority of each of the business units as well as establishing an organization that can proactively respond to customer needs and changes in the business environment. In addition, the nominations are aimed at securing profitability through strengthening LG.Philips LCD's global business capabilities.

About LG.Philips LCD

LG.Philips LCD Co., Ltd (NYSE:LPL) (KRX:034220) is a leading manufacturer and supplier of thin-film transistor liquid crystal display (TFT-LCD) panels. The Company manufactures TFT-LCD panels in a wide range of sizes and specifications for use in TVs, monitors, notebook PCs, and various applications. LG.Philips LCD currently operates seven fabrication facilities and four back-end assembly facilities in Korea, China and Poland. In addition, LG.Philips LCD has sales and representative offices in ten countries and has approximately 21,000 employees globally. Please visit http://www.lgphilips-lcd.com for more information.

Forward-Looking Statement Disclaimer

This press release may contain forward-looking statements. Statements that are not historical facts, including statements about our beliefs and expectations, are forward-looking statements. These statements are based on current plans, estimates and projections, and therefore you should not place undue reliance on them. Forward-looking statements speak only as of the date they are made, and we undertake no obligation to update publicly any of them in light of new information or future events. Forward-looking statements involve inherent risks and uncertainties. We caution you that a number of important factors could cause actual results to differ materially from those contained in any forward-looking statement. Additional information as to factors that may cause actual results to differ materially from our forward-looking statements can be found in our filings with the United States Securities and Exchange Commission.
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Publication:Business Wire
Date:Dec 18, 2006
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