Universal Music Group Announces New Executive Management Board
And International Structure To Drive Growth And Creative Excellence
International Division To Evolve Into More Agile and Responsive Regional Hubs
Lucian Grainge, Chairman and CEO of Universal Music Group (UMG), announced today the formation of an Executive Management Board comprised of key leaders from across UMG's multiple business units and territories, and the reorganization of its international division into regionally focused hubs. The new board and structure will strengthen the company's ability to operate its business across 60 countries more nimbly, and position UMG for continued growth as the most commercially successful and creatively diverse music-based media and entertainment company in the world.
Formation of Executive Management Board
As part of the initiative, Andrew Kronfeld has been promoted to Executive Vice President, Marketing for UMG and will be based at the Company's Santa Monica headquarters. Previously, Kronfeld served as president of global marketing for UMG's international division in London. In this new role, Kronfeld will work directly with UMG's labels in managing the interaction and coordination of artist repertoire across the new regional hub structure, insuring that artists are receiving the ideal marketing and creative development resources to grow their careers.
Michele Anthony, Executive Vice President of UMG, will add to her current responsibilities oversight of the Company's Canadian operations led by Universal Music Canada president and CEO Jeffrey Remedios as well as the Company's U.S. catalog division led by Universal Music Enterprises president and CEO Bruce Resnikoff.
Boyd Muir, in addition to his role as UMG's Executive Vice President and Chief Financial Officer, will oversee Bravado, UMG's global merchandising company led by Tom Bennett and Eagle Rock, the UK-based producer and distributor of music programming led by Terry Shand.
In addition, Jeffrey Harleston's role, which previously included serving as General Counsel and Executive Vice President of Business & Legal Affairs for North America, has been expanded to include UMG's worldwide operations.
Appointment of Michael Nash as EVP, Digital Strategy
In making the announcement, Grainge said, "Universal Music is one of the world's most powerful sources of creative and commercial opportunities for artists, labels, digital music and video services and platforms. Our continuing strength rests in our capacity to anticipate and then adapt to the rapid changes in how music is created, distributed and ultimately experienced in an environment that is at once both singularly global and regionally nuanced. As technology and business models continue to evolve, we must do the same."
"The new executive management board and structure will enable us to drive change throughout the organization, meet the individual market's unique needs and serve as the most effective partner to artists in what is more than ever a truly global business. Most importantly, this new structure will be able to accelerate the careers of our artists, by providing them with focused teams that are entrepreneurial and innovative and have the ability to seamlessly tap into the resources of the entire company. This management team represents the best the music industry has to offer—a combination of deep creative, commercial, regional and industry expertise."
Grainge continued, "I also want to welcome Michael Nash to Universal Music and to the executive management board. Along with his longstanding relationships with our digital and platform partners, Michael brings the perfect balance of creativity and expertise to help further enhance our strategy for growth."
Membership of Executive Management Board and Regional Hub Leadership
Regional Hub Leadership overview:
About Michael Nash:
Before joining WMG, Nash was the Executive Director of the Madison Project, the music industry's first digital distribution trial. From 1994 to 1997, Nash was founding CEO of Inscape, an interactive entertainment and games publishing joint venture between WMG and HBO that produced titles with artists such as William S. Burroughs, DEVO, Thomas Dolby and The Residents. Prior to that, Nash served as Director of The Criterion Collection, working closely with directors and artists such as Robert Altman, David Bowie, Terry Gilliam and Louis Malle.
About Universal Music Group:
Universal Music Group's labels include A&M Records, Angel, Astralwerks, Blue Note Records, Capitol Christian Music Group, Capitol Records, Capitol Records Nashville, Caroline, Decca, Def Jam Recordings, Deutsche Grammophon, Disa, Emarcy, EMI Records Nashville, Fonovisa, Geffen Records, Harvest, Interscope Records, Island Records, Machete Music, Manhattan, MCA Nashville, Mercury Nashville, Mercury Records, Motown Records, Polydor Records, Republic Records, Universal Music Latino, Verve Music Group, Virgin Records, Virgin EMI Records, as well as a multitude of record labels owned or distributed by its record company subsidiaries around the world. The Universal Music Group owns the most extensive catalogue of music in the industry, which includes the last 100 years of the world's most popular artists and their recordings. UMG's catalogue is marketed through two distinct divisions, Universal Music Enterprises (in the U.S.) and Universal Strategic Marketing (outside the U.S.). Universal Music Group also includes Global Digital Business, its new media and technologies division and Bravado, its merchandising company.
Universal Music Group is a fully owned subsidiary of Vivendi.