Min Hee-jin "Unilateral Dismissal" VS Hive"Duty Procedure"Conflicting over the replacement of the representative
Aug 27, 2024
|
Adore held a board meeting on the 27th and appointed Kim Joo-young, the inside director of Adore, as the new CEO" he said.
In other words, Min Hee-jin, the existing representative, will step down from the representative position, and Kim Joo-young will step up to the new head position. Regarding new CEO Kim Joo-young, Adore said, `As a HR expert with experience in various industries, I will take on the role of stabilizing Adore's organization and internal maintenance.'
Former CEO Min will step down from his position as CEO, but he will keep his position as an inside director. "Former CEO Min Hee-jin will step down as CEO, but will maintain the position of the inside director of the company." and "You'll be in charge of producing Newzins as it is."
In addition, it informed about changes in the organization of the door. "Adore's internal organization will also separate production from management," he said. "This was a multi-label operation principle that had been consistently applied to all other labels, but Adore alone has been in charge of both production and management."," he said.
He added that "With this personnel and organizational overhaul, Adore plans to spare support for the growth and greater success of NewsGenex."
However, Min Hee-jin said "On the 24th, we were informed that we would hold a board meeting on the change of the CEO by surprise and attended by phone on the 27th.""Regardless of Min Hee-jin's own intention, he unilaterally resolved to dismiss the CEO. This is seen as a serious breach of the shareholder contract," he said.
The company also said that former CEO Min Hee-jin will continue to produce Newzins, but this has not been negotiated and has not been set as a unilateral notification from the company.
In response, Hive (Dore) countered, "'Today's Board of Directors' notification of the agenda and the handling of the vote were legally carried out in accordance with the procedures set by the Commercial Act and the articles of association.'"
Meanwhile, former CEO Min is also called 'Newzins Mom' as a star producer who fostered Newzins. Recently, it has been in conflict with its parent company, Hive, over allegations of embezzlement of management rights.
narusi@sportschosun.com
