HYBE responded to reports of new candidates for ADOR's executive board and management.
According to recent reports, HYBE has already chosen new candidates for the CEO to replace Min Hee Jin at ADOR as well as the current executive board. HYBE's chief human resources officer Kim Joo Young and chief financial officer Lee Kyung Joon are likely candidates for the board, while chief security officer Lee Jae Sang is expected to be the new CEO.
Reports also stated that if a large amount of ADOR employees resign following Min Hee Jin's leave, NewJeans will be temporarily managed under a different subsidiary label.
In response to the reports, HYBE stated, "We'd like to provide an explanation as reports of ADOR's management are circulating. The CEO of ADOR has yet to be determined. It's also not true that another label could take over producing NewJeans. The roles and scope of the 3 director candidates as well as plans for organizational stabilization and support will be disclosed when they're decided."
Stay tuned for updates.
SEE ALSO: Legal experts give their insight on Min Hee Jin's dismissal as ADOR CEO
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Whenever there's new management, there's changes to be made. They need to make it look like they're making a difference. But Ador is very profitable to HYBE. This position should be that of "Don't f--k this up, it shouldn't be that hard". If the new CEO (Chief Security Officer, wtf?) tries to make sweeping changes especially to the creative staff, we'll be talking about his replacement soon after. I would like HYBE to retain as many people as they can to keep NJ going in the right direction. The possibility of a mass exodus has always been concerning. If another label needs to take over, I hope its Source Music.