Despite those losses, LG's mobile division boss Juno Cho will have another opportunity to help his group bounce back from flops like the LG G5. Cho is keeping his position for now, but the South Korean company also promoted 57 other executives this week, compared to the 38 it promoted in last year's yearly restructuring.

Also worth noting: Mr. Jo only holds a high school diploma and no bachelor's degree, but he's been with the company since 1976 when he helped develop LF's first automatic washing machine. (Earning him the nickname "Mr. Washing Machine" in the process.) Since taking over LG's Home Appliance and Air Solution company in 2015, Jo helped roll out the high-end LG Signature brand which is responsible for smart home and IoT devices like this smart fridge with whopping 29-inch tablet built-in.