ADOR Announces New CEO + Min Hee Jin States Decision Was Made Unilaterally

Aug 27, 2024

ADOR has announced a change in their CEO.

On August 27, ADOR announced that Kim Joo Young, an HR (human resources) expert, has been appointed as the new CEO. According to ADOR, Min Hee Jin will no longer serve as CEO, but she will remain at ADOR as an internal director and continue overseeing the production of NewJeans.

Below is the full official statement from ADOR.

"We at ADOR would like to inform you the following.

On August 27, we held a board meeting and appointed Kim Joo Young, ADOR’s internal director, as the new CEO.

The newly appointed CEO Kim Joo Young, is an HR expert with experience in various industries and will be responsible for stabilizing and reorganizing ADOR’s internal structure.

Former CEO Min Hee Jin has stepped down from the CEO position but will continue to serve as an internal director of ADOR. She will also continue her role in producing NewJeans.

Additionally, ADOR’s internal organization will now separate production and management. This is in line with the multi-label operation principle that has consistently been applied to all other labels, although ADOR had previously been an exception where the CEO oversaw both production and management.

With this personnel and organizational restructuring, ADOR plans to fully support the growth and greater success of NewJeans.

Thank you."

Following the statement from ADOR, a representative of Min Hee Jin stated, “[Min Hee Jin] was suddenly notified on Saturday, [August] 24 that a board meeting would be held on [August] 27 regarding a change in the CEO position, and she attended the meeting via phone call on [August] 27.”

The representative continued, “The decision to dismiss CEO Min Hee Jin was made unilaterally without her consent, which is a clear violation of the shareholder agreement.”

“The company announced that CEO Min Hee Jin would continue producing for NewJeans, but this was not discussed with her and is a unilateral notification from the company,” they added.

The source further clarified that nothing has been decided yet regarding this matter.

source: Soompi