Min Heejin (Picture Credit score: 티비텐, CC BY 3.0, by way of Wikimedia Commons)
KOREA (CelebrityAccess)—Min Heejin, the founding father of HYBE’s sublabel ADOR, has been changed because the Chief Govt Officer (CEO). HYBE introduced the information on Tuesday (August 27). In keeping with studies by Korea JoongAng Day by day, the choice occurred throughout a board assembly. Kim Juyoung, a human assets administration specialist and fellow board member, was appointed as the brand new CEO of ADOR.
In an announcement obtained and translated by Soompi, an ADOR spokesperson talked about that Juyoung will probably be chargeable for stabilizing and reorganizing the corporate’s inside construction. Though Heejin is stepping down from her CEO position, she is going to proceed to be concerned with ADOR as a workers member, sustaining her place on the board of administrators and producing music for NewJeans, the label’s solely artist.
Nonetheless, the scenario is extra difficult than it seems. Per Soompi, somebody in Heejin’s camp advised Korean media that the choice to take away her as CEO was made with out her consent and that she was not consulted about her continued position in producing for NewJeans. Stories recommend that tensions between Heejin and HYBE executives have escalated, with either side concerned in authorized disputes.
HYBE, which owns 80% of ADOR, suspects Heejin of trying to take management of the corporate by promoting shares and presumably leaking confidential data. In response, the ousted CEO has filed police studies in opposition to 5 HYBE executives, accusing them of defamation and leaking personal messages. HYBE, in flip, has introduced plans to countersue Heejin for false accusations.
This management change at ADOR follows one other vital shift inside HYBE. Final month, former CEO Park Ji-won stepped down and was succeeded by Lee Jae-sang, the previous Chief Technique Officer. ADOR plans to restructure its group by separating manufacturing and administration capabilities, aligning with the practices of different HYBE labels resembling Massive Hit Music, Belift Lab, and Supply Music.