HYBE Appoints Lee Jae-sang as New CEO... On NewJeans' Requests, "According to Principles"

Public Disclosure After Temporary General Meeting and Board Meeting on the 12th
NewJeans "Request for CEO Min Hee-jin's Reinstatement"
CEO Lee "Will Respond Calmly"

HYBE held an extraordinary general meeting of shareholders and a board meeting on the 12th, officially appointing Lee Jae-sang as the new CEO, according to a public announcement.

Lee Jae-sang, newly appointed CEO of HYBE and CSO of HYBE.
[Photo by HYBE]

At the extraordinary general meeting of shareholders held that morning, the proposal to appoint Lee Jae-sang as an inside director was passed as originally planned.

The new CEO previously served as a strategy consultant at Monitor Group, head of marketing and advertising at Hyundai Motor Company, CIGO (Chief Innovation Growth Officer) at Big Hit Entertainment (the predecessor of HYBE), and CSO (Chief Strategy Officer) at HYBE.

At the extraordinary general meeting, CEO Lee stated regarding NewJeans members' request to reinstate former ADORE CEO Min Hee-jin by the 25th of this month, “We will respond calmly and according to principles.”