The CEO’s of two of the world’s biggest record labels (EMI Music and Warner Music Group) have stepped down from their respective recorded music divisions.
EMI’s Roger Faxon (and CFO Ruth Prior) left last Friday, a day which also marked the day that Universal Music Group took over EMI. Lyor Cohen, Chairman/CEO of Recorded Music for Warner Music Group finished up on September 30.
To view a timeline of how the EMI and Warner Group merger all began head here.
To read Universal Music CEO and chairman Lucian Grainge’s address to his staff regarding the historic acquisition, head here.