Joseph Schmidt Appointed UMG East Coast Labels CFO
July 3, 2012 at 8:06 AM (PT)
UNIVERSAL MUSIC GROUP has named JOSEPH SCHMIDT to Chief Financial Officer, East Coast Labels, reporting to COO IVAN GAVIN. SCHMIDT is based in NEW YORK CITY.
"JOE is a consummate professional who possesses the financial skills necessary to expertly navigate today's rapidly changing marketplace," said GAVIN. "And as we continue to expand the East Coast Labels, hes the ideal executive to oversee both ISLAND DEF JAM and UNIVERSAL REPUBLIC finance staffs."
"It's great to be joining UMG’s East Coast Labels at such an exciting time, while we are repositioning the group to maximize all opportunities on both the creative and financial sides of the business," said SCHMIDT. "Rarely do you have the kind of creative and business leadership that the East Coast Labels enjoy. I'm happy to be a part of it and look forward to contributing."