HYBE’s latest move introduces a new dynamic within its subsidiary ADOR.
HYBE has made critical changes to ADOR’s board by removing the two highest-ranking supporters of CEO Min Hee Jin and appointing three new directors from within its ranks.
During an extraordinary shareholders meeting on May 31, the decisions were finalized leading to the dismissal of Deputy CEO Shin and Director Kim, both allies of CEO Min Hee Jin.
The newcomers to the executive board include HYBE’s Chief Human Resources Officer Kim Ju Young, Chief Strategy Officer Lee Jae Seong, and Chief Financial Officer Lee Kyung Jun.
This shift in governance occurs notwithstanding Min Hee Jin’s prior victory in maintaining her CEO position through an injunction against HYBE.
Min Hee Jin Reportedly Wins Injunction Against HYBE
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FAQs About HYBE’s Restructuring of ADOR’s Executive Board
- Who was dismissed from ADOR’s executive board by HYBE?
- Deputy CEO Shin and Director Kim, both considered close supporters of ADOR CEO Min Hee Jin, were officially dismissed.
- Who are the new directors appointed by HYBE?
- The new directors brought in by HYBE are Chief Human Resources Officer Kim Ju Young, Chief Strategy Officer Lee Jae Seong, and Chief Financial Officer Lee Kyung Jun.
- Did Min Hee Jin maintain her position as CEO?
- Yes, Min Hee Jin successfully won an injunction against HYBE, which ensured she maintained her position as CEO.
- Where can I find more information about this development?
- Further details can be found in articles from SPOTV and TV Daily, and embedded content from The UBJ within the body of the article above.
- How did the public learn about these changes?
- The changes were announced during an extraordinary shareholders meeting held on May 31.