Tuesday, September 16, 2008

Warner Music reorganizes top tier

Citing the radical changes in the music biz since its 2004 launch as a stand-alone company, Warner Music Group announced a major management restructuring Tuesday.

The company created an office of the chairman and upped Lyor Cohen and Michael D. Fleisher to vice chairmen. In the restructuring, Warner Music Intl. chairman and chief exec Patrick Vien is ankling.

Cohen will also be chairman and CEO of recorded music in the U.S. and U.K. Cohen had been leading WMG's U.S. recorded music operations.

Fleisher has been WMG’s exec VP and CFO since January 2005. He helped take the company public in May 2005 and established its finance, investor relations and IT areas.

Steven Macri, WMG’s senior VP and global controller, has been named exec VP and CFO.


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