Min Hee Jin has filed a protest, saying that there was no discussion at all about the ADOR board of directors' decision for her to step down from her position as CEO. CEO Min Hee Jin's side claimed, "On August 24, 2024, we received a surprising notification that a board meeting would be held on August 27, 2024 regarding the change of CEO, and CEO Min attended the meeting that day by phone.
The dismissal resolution was made without regard to CEO Min's intentions." They also said, "I heard that HYBE filed a lawsuit to confirm the termination of the shareholder contract, but the legal aspects also need to be confirmed," and "We are discussing future responses."
In addition, Min Hee Jin's side stated, "The company announced that former CEO Min Hee Jin will continue to produce NewJeans, but this was a one-sided announcement without any discussion with former CEO Min Hee Jin." Earlier this afternoon, ADOR held a board of directors meeting and announced the appointment of internal director Kim Joo Young as the new CEO.
ADOR later announced that former CEO Min Hee Jin would be stepping down from her position as CEO, but would remain as ADOR's internal director and would continue to handle NewJeans production. The agency said that with this, ADOR will separate production and management like other labels under HYBE.
However, as former CEO Min Hee Jin's camp opposes ADOR's board of directors' resolution, attention is drawn to whether the current situation, which has been going on for five months, will enter a new phase, depending on how former CEO Min Hee Jin will decide her future actions.
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