Nexon CEO Owen Mahoney will step down in March and be replaced by Junghun Lee
Nexon announced a leadership succession plan where longtime CEO Owen Mahoney will step down in March 2024 and be replaced by Junghun Lee.
That’s a big milestone as Mahoney had been in charge of the online games giant for a decade. He led the company to expansion, despite the fact he was a Westerner in charge of a company with its headquarters in Japan and much of its development staff in South Korea.
The company said its board of directors has unanimously nominated Lee to serve as the company’s next representative director, president and CEO, effective following Nexon’s annual shareholder meeting in March 2024. Lee currently serves CEO of Nexon Korea Corporation and on Nexon’s board.
Mahoney has led the company through a period of growth and global expansion, and will stand for re-election to the Nexon’s board and serve as senior advisor. Both Lee and Mahoney will serve in their current roles until the succession is formally approved.
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As a Nexon veteran with two decades of game industry experience, Lee brings proven leadership and
operational experience. Since January 2018, Lee has served as CEO of Nexon Korea, the company’s largest subsidiary. Between 2008 and 2017, Lee led Nexon’s live operations teams which have sustained and grown the company’s biggest franchises for decades.
Under his leadership, Nexon Korea achieved a 19% revenue compound annual growth rate from 2018 to 2022. Also at Lee’s direction, Nexon has successfully launched multiple new products including Dungeon&Fighter Mobile, MapleStory M, Blue
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