Spackman Entertainment appoints interim CEO, after founder stepped down in Dec

AN interim CEO has been appointed by Spackman Entertainment Group, a month after the Catalist-listed South Korean entertainment production group announced that its founder would be stepping down to prepare the company for a new phase of growth.

Richard Lee, 43, will be its interim CEO and executive director, with effect from Thursday. Mr Lee is chairman and interim CEO of Spackman Equities Group, and director and managing director of Spackman Media Group.

Spackman Entertainment Group had announced in December that its founder Charles Spackman, 45, had stepped down as executive chairman and CEO, amid the company's efforts to restructure its board to better prepare for a new phase of growth.

Echoing what it said then, about transitioning from "a founder-centric management structure to an objective management structure", the company also announced other board changes on Thursday.

It said that it has appointed Na Kyoungwon, 42, as executive director and a member of its board's nominating committee. Mr Na will stay on as the company's chief financial officer.

Spackman Entertainment Group has also re-designated Anthony Wong from independent director to non-executive and independent chairman.

"As the group transitions from a 'founder-centric' management structure to an objective management structure led by professional managers with distinct roles and responsibilities, the restructuring of the board composition will help improve the group's business process and operations," its announcement on Thursday said.