Former ADOR CEO Min Hee-jin has been officially reappointed as a member of ADOR's board of directors. Her term as director has been extended to three years for the latest period. As reported by the Korea JoongAng Daily, the former CEO of ADOR was chosen based on the results of the ADOR board of directors meeting on Thursday October 17, 2024 South Korean time.
HYBE has agreed to give the position to Min Hee-jin for the next term. The new term will start on November 2, 2024 or the day after the end of the current term which falls on November 1, 2024. However, there is no sign that Min Hee-jin will return as ADOR CEO after the appointment.
A source said the meeting agenda only resulted in Min Hee-jin's term extension as internal director. This appointment is also in line with ADOR's commitment after firing Min Hee-jin as ADOR CEO on September 25, 2024, before being replaced by Kim Ju-young. Kim Ju-young, previously active at HYBE, was chosen as the new CEO of ADOR to stabilize ADOR's internal affairs with his background as a personnel expert.
ADOR also provides space for Min Hee-jin to manage NewJeans projects related to creative direction and production. However, Min Hee-jin and NewJeans responded to the removal with various actions. The former CEO filed a lawsuit on September 13, 2024. The hearing was then held on October 11, 2024 with the agenda of determining Min Hee-jin's reappointment as ADOR CEO.
However, the court must still wait for additional data until October 25, 2024 before making a decision later this month. On the other hand, HYBE denied the issue of Min Hee-jin's dismissal which was not related to the shareholder agreement. They also claimed that the agreement between HYBE and Min Hee-jin had been terminated.
"So after the agreement is terminated, the legal effect is void. A lawsuit has been filed to confirm the termination of the shareholder agreement, and we are waiting for the court's decision," HYBE said some time ago. "The decision to dismiss Min Hee-jin as CEO was made independently by ADOR's board of directors as part of a business management decision. It is unrelated to HYBE or the shareholders' agreement."
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