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2000 Millbrook Dr. Lincolnshire, IL 60069 IL Tel. 847-941-8000 Toll Free 877-993-6484 Fax 847-941-8200 |
Type: Subsidiary
On the web:
http://www.zenith.com
Employees:
976
Did Zenith hit its peak too early? The maker of many "firsts" -- first portable radio, first TV remote control, and others -- the former US manufacturer is now a wholly-owned subsidiary of South Korea's LG Electronics (LGE). (LGE purchased a majority share in the company in 1995 and the rest in 1999 following Zenith's fall into bankruptcy.) Founded in 1918, the company sold all of its manufacturing operations and now focuses on research and development efforts for parent LGE, which continues to sell Zenith brand LCD TVs, DVD players, home theater systems, and digital TV tuner converter boxes (all made overseas). Zenith's R&D facility specializes in the development of VSB and digital transmission technologies.
Key numbers for fiscal year ending December, 2008:
Sales: $109.4M
Officers:
CEO: Myeong-Kyu (Michael) Ahn
President: B. B. (Teddy) Hwang
CFO: Jong H. Park
Competitors:
Panasonic Corp
Philips North America
Sony USA
