EMI announces plans to reposition itself, appoints Roger Faxon as group CEO

The Associated Press ~ staff The News
Send to a friend

Send this article to a friend.

LONDON — British recording company EMI Group PLC says it is planning to reposition itself as a wider rights management company and has appointed Roger Faxon as group chief executive.

Revealing the results of a strategic review on Friday, EMI said that it plans to combine EMI Recorded Music and EMI Music Publishing under one global head. Faxon has been chairman and chief executive of EMI Music Publishing since 2007.

Charles Allen, former EMI Music chairman, will become an adviser to EMI and its shareholder, Terra Firma.

EMI — home of the Beatles, Lily Allen and Norah Jones — revealed last month that financier Guy Hands’ private equity firm, Terra Firma, was investing additional money to fend off foreclosure by its main lender, Citigroup (NYSE:C).

Organizations: EMI Music Publishing, Terra Firma, Beatles Citigroup NYSE

Geographic location: LONDON

  • 1
  • 2
  • 3
  • 4
  • 5

Thanks for voting!

Top of page

Comments

Comments