NEXON Co., Ltd. announced that its board of directors has unanimously appointed Owen Mahoney as the company's President and Chief Executive Officer-elect, effective following Nexon's Annual General Meeting of Shareholders on March 25, 2014. Mr. Mahoney, who currently serves as Nexon's Chief Financial Officer and Chief Administrative Officer, will succeed Seungwoo Choi, who has decided to retire and will assume the advisory role of Honorary Chairman. Both Mr. Choi and Mr. Mahoney will continue to serve in their current roles until the general shareholders' meeting.

Under Mr. Choi's leadership, Nexon grew from a small, privately-held company into a publicly traded, multinational industry leader with revenue of over $1.5 billion in 2013. Mr. Mahoney will bring over 15 years of global experience in the games industry and substantial strategic, financial and operational expertise to his new position. Prior to Nexon, Mr. Mahoney was Senior Vice President of Corporate Development at Electronic Arts from 2000 to 2009, where he was responsible for worldwide mergers and acquisitions and business development, and led all acquisitions and equity investments.

In conjunction with the CEO transition, Shiro Uemura, presently general manager of the Accounting and Finance Department, will replace Mahoney as Chief Financial Officer. Koji Abe, General Counsel, will assume the additional role of Chief Administrative Officer.