Nexon's Board Unanimously Nominates Lee Jung-hun to Succeed Owen Mahoney

NEXON

Tokyo-listed gaming company Nexon has revealed that Lee Jung-hun, the current head of the company's Korean branch, will assume the role of president and CEO following Nexon's annual general meeting of shareholders in March 2024. The announcement was made in a statement on Thursday.

The decision comes as part of a planned leadership transition, with the current CEO, Owen Mahoney, stepping down from his position after March. Mahoney will continue to contribute as a senior adviser to the company. 

▲ NEXON

Lee Jung-hun, who joined Nexon in 2003, has been with the company for two decades. In 2018, he assumed the role of CEO for Nexon Korea, the company's largest subsidiary. During his tenure, Nexon Korea experienced a compound annual growth rate of 19 percent from 2018 to 2022. Under his leadership, the subsidiary successfully launched new games, including Dungeon & Fighter Mobile, Maple Story M, Blue Archive, and Dave the Diver.

Expressing his enthusiasm for the future, Lee stated, "I am honored and excited to lead the company into its next generation. 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 the potential to become global hits."

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