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Posted by Germaine-Jay 24 days ago

HYBE founder Bang Si Hyuk to step down as CEO

AKP STAFF

HYBE Labels founder Bang Si Hyuk is stepping down as CEO.

According to an announcement on July 1, Bang Si Hyuk is resigning from his CEO position to focus on production. He'll be replaced by former Nexon Korea CEO Park Ji Won, who took charge of HYBE's restructuring that began last May, while Lenzo Yoon has been appointed as the CEO of HYBE America. Lenzo Yoon will be operating the American subsidiary of HYBE alongside Scooter Braun, who'll continue managing Ithaca Holdings.

NEW HYBE CEO PARK JI WON



Bang Si Hyuk will still have a role in management as chairman and a member of the board of directors, but Park Ji Won will handle HYBE Label's management strategy and overall operations. 

HYBE Japan has also been established as an independent label and will be headed by CEO Han Hyuk Rok. The Japanese subsidiary is expected to launch a boy group soon.

Stay tuned for updates on HYBE. 

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springdaylover
springdaylover48 pts 24 days ago 3
24 days ago

he may have stepped down as CEO but he is still the chairman, so really too much shouldn't change. Hitman Bang's focus will be fully on the music now instead of the business side of things.

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gookr
gookr4,887 pts 24 days ago 1
24 days ago

well this was unexpected. this is kinda sad bc especially the armys and moas have a soft spot for him bc of how long we've been fimilair with him

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