Jem Aswad Senior Music EditorBang Si-hyuk is stepping down from his role as CEO of HYBE, which was formerly called Big Hit Entertainment) as a part of a major restructuring of leadership at the company that launched BTS, one of the biggest groups in the world.However, he will remain with the company as chairman of its board of direcetors, and will focus on music production “which is his area of expertise,” according to a HYBE rep reported in Music Business Worldwide.The new CEO is Park Ji-won, who joined the company in May of last year.
He will now oversee HYBE’s overall management strategy and operations. The company’s U.S. operations will be led by HYBE America CEO (Lenzo) Yoon Seok-jun and Scooter Braun, respectively.
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