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Warner Music Announces Executive Shakeup
August2
As part of Warner Music Group's reorganization, Max Lousada, CEO of Recorded Music, will step down
As part of Warner Music Group`s reorganization, Max Lousada, CEO of Recorded Music, will step down at the end of the fiscal year on September 30 after 20 years with the company. He will remain as an advisor until January 31.
Julie Greenwald will transition to Chairman of Atlantic Music Group, reporting to WMG CEO Robert Kyncl.
Effective October 1, Elliot Grainge, founder and CEO of 10K Projects, will become CEO of Atlantic Music Group.
The new structure will elevate regional leadership supported by global services. Recorded Music regional and divisional leaders will report directly to Kyncl.
The roles of CEO, Recorded Music, and President, International, Recorded Music, will be eliminated.
Simon Robson will oversee Europe, the Middle East, and Africa, with the UK and Ireland included in European operations.
Alejandro Duque will continue leading Latin America, and a new leader will be appointed for the Asia Pacific region.
In the US, Elliot Grainge will lead Atlantic Music Group, while Tom Corson and Aaron Bay-Schuck will oversee Warner Records.
Central global operations will be strengthened to create new opportunities for artists and drive revenue. Heads of distribution, global catalog, marketing, and WMX will report to Kyncl.
Robert Kyncl thanked Max Lousada for his 20 years of achievements and welcomed Elliot Grainge and Julie Greenwald to their new roles, emphasizing the company`s focus on creative excellence and growth.
Robert Kyncl said: "On behalf of everyone at WMG, I`d like to thank Max for his extraordinary achievements over the last twenty years. Max is a true artists` champion, who created a culture that puts artistry first, growing our global reach and building a roster of incredible talent and an outstanding team. I`m grateful that he`ll be helping to ensure a smooth transition."
He added: "I`m very happy to promote Elliot to his new position, and delighted that Julie will be taking on her new role, both of them working with Craig, as we take this iconic label to even greater heights. Elliot has been a stellar addition to WMG`s leadership team, with a distinctive approach to artist development. We have an amazing bench of creative leaders, and I`m looking forward to working more closely with them, as we collaborate on the company`s next phase of creative excellence, commercial transformation, and growing revenues. At a time when global culture moves at the speed of light, we`re doubling down on great artists and diverse music scenes, empowering our talent and team to have maximum impact."
Max Lousada (pictured) said: "Over the past two decades, we created something special together at Warner: a music company built for artists, where original voices are championed, where their creativity is honored and protected, and where superstar careers are ignited. I`m proud to have grown a world-class team who share that vision and whose enterprise and energy have brought in new labels, rebuilt iconic brands, expanded our global network, and pioneered new fan experiences. The music business has always been about evolution, and the time has come for me to build something new. I`ll be helping the team through this transition, and I have no doubt they`ll continue to develop artists who move the world."
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