NEXON Co., Ltd. announced that its Board of Directors has appointed Patrick Söderlund as Executive Chairman of the company. The appointment is effective immediately. Throughout his career, Söderlund has demonstrated the type of hands-on strategic and creative leadership that is needed to transform Nexon.
In this newly created role, he takes on broad authority over the company?s long-term strategy, creative direction, and how Nexon develops games globally. He will work closely with CEO Junghun Lee and the executive leadership team as the company enters its next phase of growth. In this scenario, Söderlund sets the strategic direction and Lee implements the plans.
Söderlund has spent more than two decades in the games industry. He built Embark Studios from scratch and led the team to the successful release of ARC Raiders®. He joined Nexon?s Board following the company?s investment in Embark in 2018.
Prior to founding Embark, he led Electronic Arts? (EA) global game development organization as Executive Vice President of Worldwide Studios. Earlier, Söderlund served as the CEO of Digital Illusions CE (DICE), the studio behind the Battlefield and Mirror?s Edge franchises before being acquired by EA in 2006.
Nexon Co Ltd is a Japan-based company mainly engaged in businesses related to the production, development, and distribution of personal computer (PC) online and mobile games. The Company operates through five business segments: Japan, Korea, China, North America, and Other. Business divisions are mainly classified into PC online and mobile business. The PC online business is mainly engaged in the production, development and distribution of PC online games. In addition, the Company also provides consulting services related to PC online game distribution, in-game advertising, and merchandising services. The mobile business develops and distributes mobile games played on smartphones, tablets. The business model used by the Company for PC online games and mobile games can be divided into three types: in-house distribution model, licensing model, and licensed distribution model.
This super rating is the result of a weighted average of the rankings based on the following ratings: Valuation (Composite), EPS Revisions (4 months), and Visibility (Composite). We recommend that you carefully review the associated descriptions.
Investor
Investor
This super composite rating is the result of a weighted average of the rankings based on the following ratings: Fundamentals (Composite), Valuation (Composite), EPS Revisions (1 year), and Visibility (Composite). We recommend that you carefully review the associated descriptions.
Global
Global
This composite rating is the result of an average of the rankings based on the following ratings: Fundamentals (Composite), Valuation (Composite), Financial Estimates Revisions (Composite), Consensus (Composite) and Visibility (Composite). The company must be covered by at least 4 of these 5 ratings for the calculation to be carried out. We recommend that you carefully review the associated descriptions.
Quality
Quality
This composite rating is the result of an average of rankings based on the following ratings: Returns (Composite), Profitability (Composite) and Quality of Financial Reporting (Composite), and Financial Health (Composite). The company must be covered by at least 2 of these 3 ratings for the calculation to be performed. We recommend that you carefully read the associated descriptions.
ESG MSCI
ESG MSCI
The MSCI ESG score assesses a company’s environmental, social, and governance practices relative to its industry peers. Companies are rated from CCC (laggard) to AAA (leader). This rating helps investors incorporate sustainability risks and opportunities into their investment decisions.
