Movers and Shakers: Where Some of IT's Top Executives Are Going - Slide 5

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Next Movers and Shakers: Where Some of IT's Top Executives Are Going-5 Next

CIO Insight reports that LG Electronics' CEO, Yong Nam, has resigned as the company's CEO. He will be replaced by Bon-joon Koo, who is currently the CEO of LG International.

LG recently announced a new series of smartphones that will be equipped with dual-core processors, greatly improving the performance and battery life of the handsets. The company has postponed its plan to launch a tablet based on Android 2.2 until January 2011.

Business First reports that according to global outplacement consultant Challenger, Gray & Christmas Inc. of Chicago, September 2010 was a tumultuous month for CEOs as the turnover rate surged to a four-month high. September CEO departures were up 17 percent from August and 5.7 percent from the same month a year ago.

John A. Challenger, CEO of Challenger, Gray & Christmas, says several factors are contributing to the turnover rate, including

“a volatile economy, an aging CEO population, a brighter spotlight on the CEO position and calls for more accountability on the part of corporate leadership.”

The technology industry was not immune from shakeups. We’ve compiled a list of the movements of some of IT’s big names.

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