SM Entertainment Co., Ltd. announced that the board of directors appointed Cheol-hyeok Jang as the CEO. Jang Cheol-hyuk is a finance, accounting, and M&A expert with excellent capabilities and qualified experience required for improving financial efficiency and making sound investment decisions. He joined SM as a CFO in 2022 and has been responsible for accounting, tax, finance, and IR affairs, contributing to improving corporate management performance and governance.

Having been at the center of the SM 3.0 transition drive coupled with his track record, the Board found him the right person to effectively respond to the rapidly changing domestic and international market environment and faithfully implement mid- to long-term corporate strategies.Jang has worked for global accounting firms KPMG and PwC for 13 years, specializing in accounting audits, corporate acquisition, and spin-off, deal due diligence, and corporate valuation. He oversaw Body Friend's overseas business and led the establishment of Shanghai and LA subsidiaries and store openings, setting up overseas branches, and B2C and B2B sales. He also served as CFO of Skin Food and Dong-A Tanker, working on organizational improvements to turn around insolvent companies.