H2k-Gaming has announced that they are under new ownership, and will be restructuring their management as a result.
According to the Daily Dot's Josh Raven, H2K was purchased by a group of investors from various disciplines, including a "senor partner at a law firm, a hedge fund manager, and an Australian professor of business."
The new CEO, Susan Tully, said in a statement that her "goal now is to strengthen and grow H2K’s brand even further."
Tully was previously Chief Financial Officer of Kanye West's West Brands, and has acted as Vice President of Universal Music Group and Senior Manager with Ernst & Young.
"Having recently joined esports, I may be a stranger to many of you, but I am known to get things done and I’ll draw upon my financial and entertainment background to make being an H2K fan or partner even more rewarding," Tully said. "I look forward to getting to know the fans and the community on our journey ahead."
H2K's former CEO Richard Wells will be the organization's newly created Chief Gaming Officer. In his own statement, Wells said that "with the new owners onboard, H2K has the management resources and expertise necessary to be a world class esports organization."
The organization has also promised a new logo, and will announce other new initiatives in the coming weeks.
H2K recently finished the EU LCS 2016 Spring Split in second place, with a record of 14-4.
Preston Dozsa is a news editor for theScore esports. You can follow him on Twitter.