In an unexpected announcement, Park Ji Won has revealed that he will step down as the CEO of HYBE. He also confirmed his successor in the same statement.
Park Ji Won Steps Down as HYBE CEO
In his statement to the HYBE staff, Park explained the rationale behind this leadership transition, emphasizing the need for fresh perspectives and new strategies to drive the company forward in an ever-evolving industry.
“We determined that a new leadership was necessary to actively prepare for and respond to HYBE’s future, and lead the new changes,” he said.
Park Ji Won resigns from his position as the CEO of HYBE after 4 years in charge.https://t.co/3PJfaGI5e2 pic.twitter.com/Vex1nlEajj
— Kpop Charts (@kchartsmaster) July 24, 2024
It was also confirmed that Lee Jae Sang will replace Park as the new HYBE CEO.
“Following that plan, Lee Jae Sang has been preparing to be the new CEO and the right person to lead HYBE 2.0 since the beginning of this year,” Park added.
“The direction for the new leadership and organizational changes has been a subject of long consideration and discussion. Mr. Lee is the right person to effectively implement HYBE’s mid-to-long-term growth strategy, inheriting HYBE’s vision, mission, and core values while leveraging his domestic and international business network. I sincerely support HYBE’s new leadership and new changes, and as a member of HYBE, I will continue to contribute to HYBE’s future in areas where I can utilize my expertise and network.”
(LEAD) Hybe Names Lee Jae-sang as New CEO, Replacing Park Ji-won#하이브 #새CEO #이재상 #CSO이재상 #LeeJaeSang_Hybe #LeeJaeSang #Hybe_CEO #newCEO #replacing_ParkJiWon #ParkJiWon @HYBEOFFICIALtwt #MinHeeJin @NewJeans_ADOR @BIGHIT_MUSIChttps://t.co/Tc5b4ELth5 pic.twitter.com/cwtA3wYfWR
— K-VIBE (@kvibe_yonhap) July 24, 2024
Park Ji Won joined HYBE as CEO in May 2020, bringing with him a wealth of experience from his successful tenure at Nexon. During his time at HYBE, he played a pivotal role in the company’s significant milestones, including its IPO process, rebranding, and the establishment of a multi-label system. These initiatives have been instrumental in HYBE’s rapid growth and global expansion, solidifying its position as a major player in the entertainment industry.
A New Future for HYBE?
Park Ji Won expressed confidence in Lee Jae Sang’s ability to lead the company into its next phase. He highlighted Lee’s extensive experience and vision, which align with HYBE’s goals and aspirations. This leadership change marks a significant moment for HYBE, as it continues to innovate and adapt in the dynamic world of entertainment.
The transition in leadership is seen as a strategic move to ensure that HYBE remains at the forefront of the industry, continuing to deliver groundbreaking projects and nurture its diverse portfolio of artists. As Lee Jae Sang steps into his new role, the company and its stakeholders are looking forward to the continued success and growth under his leadership.