Nexon Appoints Lee Jeong-heon, CEO of Nexon Korea, as New CEO

Lee Jeongheon, Nexon CEO Nominee (Photo by Nexon)

Nexon announced on the 9th that it has appointed Lee Jung-heon, the CEO of Nexon Korea, as its new CEO.

Appointed as the new CEO, Lee Jung-heon is a Nexon veteran who joined the company as a new employee in 2003 and has worked there for over 20 years. He served as Head of the Business Division in 2014, Executive Vice President of Business in 2015, and was appointed CEO of Nexon Korea in 2018, demonstrating leadership based on his field experience.

Since taking office as CEO of Nexon Korea, Lee Jung-heon achieved a compound annual growth rate (CAGR) of 19% in Nexon Korea's sales from 2018 to 2022, and showed stable leadership by successfully launching numerous new titles such as Dungeon & Fighter Mobile, MapleStory M, Blue Archive, and Dave the Diver.

Owen Mahoney, the current CEO of Nexon, will remain on Nexon's board of directors as an advisor. Owen Mahoney joined Nexon as Chief Financial Officer (CFO) in 2010, led major projects including Nexon's listing in Japan in 2011, and has served as Nexon's CEO since 2014. Under his leadership, Nexon built a rich lineup of new titles and continuously grew, recording double-digit sales growth year-over-year for six consecutive quarters.

Owen Mahoney said, "Leading Nexon for the past 10 years has been a very satisfying experience, and I believe now is the perfect time to hand over the position to Lee Jung-heon. Nexon is currently in a stronger and more advantageous position than ever before, with strong next-generation leaders prepared for a solid corporate management structure. Lee Jung-heon is one of the most capable and successful leaders in the global entertainment business and the perfect leader for Nexon's growth toward the next generation."

Lee Jung-heon, the newly appointed CEO, said, "I am pleased and honored to take on the role of leading Nexon into the next generation. Nexon's strong virtual world shows unprecedented growth and stability, Nexon's global operations and development teams are world-class, and Nexon's commitment to new game development and technological innovation will help Nexon grow once again on the global stage."

He added, "I am taking over the position of global CEO at a time when the company is on a stable yet dynamic growth trajectory. I will open a new era for Nexon through the stable operation of globally successful titles and investment in the development of new titles with limitless potential to become global hits."

The new CEO of Nexon will be officially appointed through related procedures such as the shareholders' meeting and board of directors in March next year, and the new CEO of Nexon Korea, who will succeed Lee Jung-heon, will be announced later.

This content was produced with the assistance of AI translation services.