South Korea-based leisure big HYBE has undergone a significant management change.
Jiwon Park, who served as HYBE’s CEO for the previous three years, has resigned from the corporate.
HYBE mentioned Park has led the corporate to attain “unprecedented progress” throughout his tenure as CEO, which started in July 2021.
The corporate added that Park will proceed to contribute to its progress technique by “leveraging his experience on the intersection of leisure and expertise.”
HYBE additionally introduced in the present day (July 24) that Jason Jaesang Lee, the present chief technique officer, has been appointed as the corporate’s subsequent CEO, authorised by the shareholders’ assembly and board of administrators resolutions.
The corporate mentioned that since becoming a member of HYBE (previously Massive Hit Leisure) in 2018, Lee has performed an vital position in shaping its enterprise methods and investments.
He has held vital positions similar to Chief Innovation and Progress Officer, Chief Technique Officer, Chief Working Officer of HYBE AMERICA, and President of HYBE AMERICA.
HYBE notes that together with his in depth expertise within the leisure business, Lee has constructed a “three-pillar enterprise mannequin” throughout label, options and platform companies, whereas main the corporate’s IPO and quite a few M&A.
Previous to becoming a member of HYBE, Lee labored at Monitor Group, Hyundai Motor and Google.
In line with HYBE, the management adjustments will “facilitate[e] A strategic change aimed toward selling HYBE’s international growth and its new progress technique.”
The corporate added that the transition has been a part of HYBE’s “ongoing management plan” since early 2024, positioning Lee as a “central determine” in what it calls “the strategic rollout of HYBE 2.0.”
“Jason is an leisure business veteran with in depth expertise in strategic planning and operations for home and worldwide operations.”
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“Jason is an leisure business veteran with in depth expertise in strategic planning and operations of home and abroad operations,” HYBE mentioned in a press release to MBW.
“Underneath his new management, we stay up for turning into a worldwide leisure life-style platform firm.”
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