Today Nexon announced a big change at the helm, with CEO Owen Mahoney stepping down and Nexon Korea's current CEO Junghun Lee taking over the leadership of the whole company.
Mahoney is not leaving the company, and will remain as a senior advisor. He will also stand for re-election to the board of Directors.
Lee's new role as Representative Director, President, and CEO will become effective after Nexon’s Annual General Meeting of Shareholders in March 2024.
Lee has worked at the company for two decades and has served as CEO of Nexon Korea since 2018. Between 2008 and 2018 he led Nexon's Live Operations teams, helping grow many successful franchises.
The press release included a comment by Lee, promising a "powerful pipeline of new games that have the potential to become global hits."
I am honored and excited to lead the company into its next generation.
Our strong base of live Virtual World franchises has shown unprecedented growth and stability, our global team of operators and developers is world-class, and our demonstrated commitment to innovation in new game development as well as technology sets us up for a new generation of growth worldwide.
This leadership transition comes at a time when Nexon is both stable and positioned for dynamic growth. Our global franchises are delivering steady revenue which we have invested in a powerful pipeline of new games in development that have potential to become global hits.
We also get a comment from Mahoney, mentioning that his successor is the perfect leader for the next generation of the company's growth.
Leading Nexon for the last 10 years has been enormously satisfying, and with the company on such solid footing, now is the perfect time to hand over the reins to Junghun.
Nexon has never been stronger and has significant tailwinds. And, our commitment to corporate governance means we have an extremely strong bench of leaders for the next generation.
Junghun Lee is one of the most effective and successful executives in the entire global entertainment business, and the perfect leader for the next generation of Nexon’s growth
At the moment, Lee's successor to the role of Nexon Korea's CEO has not been announced yet.
Incidentally, today Nexon also announced its financial results, including record-breaking Q3 revenue and operating income, marking the sixth-straight quarter of double-digit revenue growth year-on-year.