K-Content News
Nexon founder to step down as CEO of NXC
- August 26, 2021
Nexon founder to step down as CEO of NXC
Updated : 2021-08-01 16:19
By Kim Jae-heun
Nexon founder Kim Jung-ju has decided to step down from the CEO position at NXC, the holding company of the video game publisher said. His departure comes as Nexon is feeling pressured to improve and adjust its external communication policies after a series of internal controversies.
In an unusual choice, the outgoing CEO's choice of successor is former communication expert Lee Jae-kyo, who has handled NXC's public relations strategy. Alex losilevich was named as the new chief investment officer (CIO) of the holding firm.
"I've served as the CEO of NXC for 16 years, and now it is time for me to hand over the responsibility to Lee, who is the most competent successor," Kim said in his farewell message to employees.
Regarding his decision to appoint losilevich as chief investment officer, Kim said that he has helped a number of global media and entertainment companies grow successfully.
Incoming CEO Lee entered Nexon in 1998 and has been serving as the director of public relations. In 2012, she was transferred to the holding company to lead the communications team and to handle social contribution activities. She also took a major role in establishing the Nexon Foundation in 2018 and has been directing the organization since then.
"I will navigate and specify plans for the development of NXC's future businesses and try to help it address the outstanding challenges the group affiliates are facing," Lee said.
losilevich has served as an investment advisor for NXC and Nexon's global business for decades. He was a hidden force assisting in Nexon's listing on the Tokyo Stock Exchange in 2011. At the time, he was in charge of the finance division of UBS.
As expected, former CEO and founder Kim said that he will focus on nurturing new talents and discovering future businesses for the company. He will remain on the board of NXC. Kim will continue to own 47.3 percent of Nexon's shares.
Nexon founder Kim Jung-ju has decided to step down from the CEO position at NXC, the holding company of the video game publisher said. His departure comes as Nexon is feeling pressured to improve and adjust its external communication policies after a series of internal controversies.
In an unusual choice, the outgoing CEO's choice of successor is former communication expert Lee Jae-kyo, who has handled NXC's public relations strategy. Alex losilevich was named as the new chief investment officer (CIO) of the holding firm.
"I've served as the CEO of NXC for 16 years, and now it is time for me to hand over the responsibility to Lee, who is the most competent successor," Kim said in his farewell message to employees.
Regarding his decision to appoint losilevich as chief investment officer, Kim said that he has helped a number of global media and entertainment companies grow successfully.
Incoming CEO Lee entered Nexon in 1998 and has been serving as the director of public relations. In 2012, she was transferred to the holding company to lead the communications team and to handle social contribution activities. She also took a major role in establishing the Nexon Foundation in 2018 and has been directing the organization since then.
"I will navigate and specify plans for the development of NXC's future businesses and try to help it address the outstanding challenges the group affiliates are facing," Lee said.
losilevich has served as an investment advisor for NXC and Nexon's global business for decades. He was a hidden force assisting in Nexon's listing on the Tokyo Stock Exchange in 2011. At the time, he was in charge of the finance division of UBS.
As expected, former CEO and founder Kim said that he will focus on nurturing new talents and discovering future businesses for the company. He will remain on the board of NXC. Kim will continue to own 47.3 percent of Nexon's shares.
Reporter : jhkim@koreatimes.co.kr
