Scooter Braun to step down as CEO of Hybe America

The former artist manager led the U.S. branch of the renowned South Korean entertainment group for four years.

Scooter Braun is stepping down as the CEO of Hybe America after four years of leading the U.S. branch of the renowned South Korean entertainment group.

He will remain at the company in an executive advisory capacity, Rolling Stone magazine reported. Braun will also keep his spot in Hybe’s board of directors and serve as senior adviser to Bang Si-Hyuk, Hybe's chairman, Variety reported.

Braun did not immediately respond to an NBC News request for comment.

The arrangement will reportedly allow Braun to pursue new projects while also remaining as the second-largest individual shareholder of Hybe, the company behind the global success of K-pop groups like BTS, Tomorrow X Together and NewJeans.

Isaac Lee, who leads the Latin American arm of Hybe, will take over Braun's role, according to Variety.