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Posted by Yaki-Jones Saturday, April 15, 2023

Former SM Entertainment CEO Lee Sung Soo returns as a C-level executive unlike his promise

AKP STAFF

Former SM Entertainment CEO Lee Sung Soo returned as a C-level executive, unlike his promise.

Previously, Lee Sung Soo promised he will resign as a director and return to the status of an employee in the company's music branch. But on April 14th, it was reported Lee Sung Soo returned as a CAO of the A&R branch of SM Entertainment. He is also the head of the international unit of the A&R branch. Jang Jae Ho, who is known to be Lee Sung Soo's man, has also returned to the company as CSO. Jang Jae Ho initially resigned last year after having a conflict with former PD Lee Soo Man

SM Entertainment previously had 5 positions in its C-suite but after the latest restructuring, the positions have expanded to 10. One industry insider commented that this is an unusual practice compared to other entertainment companies, given the size of the company. 

C-level executives get a right to vote on important business decisions along with CEO. An insider commented, "It seems the two former co-CEOs still are practically in power. All five production centers are under Tak Young Joon COO and the most important department's head is Lee Sung Soo CAO. I wonder if the company could operate independently if this structure is something permanent."  

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idgafily
idgafily11,400 pts Saturday, April 15, 2023 2
Saturday, April 15, 2023

The guy got in by nepotism. Not a good start. Then he stabs his uncle in the back. He says one thing and does another. The guy is not a good person, nor is he a good businessman.

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Tinkerbell2345
Tinkerbell23452,142 pts Saturday, April 15, 2023 3
Saturday, April 15, 2023

Lmao. I am laughing at this. SM reputation is stained and this guy participated in messing it up. Kakao kept dirty executives on SM team and added more. I need a Netflix series on the mess that is SM.

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