Nexon Taps Korea Unit Chief to Succeed Departing CEO — Update
By Dean Seal
Nexon Chief Executive Owen Mahoney plans to step down in March and is expected to be succeeded by Junghun Lee, the head of Nexon Korea, the video-game publisher said Thursday.
Mahoney would continue to serve as representative director and CEO until Nexon's annual meeting, at which time he would stand for re-election to the board, the company said.
"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," Mahoney said.
Lee, also a board member, would take over Mahoney's roles as representative director, president and CEO after the transition has been formally approved by shareholders. Lee has served as CEO of Nexon Korea, the company's largest subsidiary, since 2018.
Write to Dean Seal at dean.seal@wsj.com
(END) Dow Jones Newswires
November 09, 2023 11:50 ET (16:50 GMT)
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