Cameron Strang Resigns From Warner Music Group's Board

Changes

Changes at WARNER MUSIC GROUP have been outlined in an 8-K filing with the SECURITIES AND EXCHANGE COMMISSION.

The company writes, WARNER BROS. RECORDS Chairman/CEO "CAMERON STRANG resigned from the Board of Directors (the “Board”) of WARNER MUSIC GROUP CORP. (the “Company”) effective OCTOBER 1, 2017."

WMG adds that the Board was increased in size to 13 directors, and MAX LOUSADA and JON PLATT were elected by the Company’s stockholders, effective OCTOBER 1, 2017, to fill the vacancy on the Board, "resulting from such increase and the vacancy resulting from Mr. STRANG’s resignation."

JON PLATT has served as Chairman/CEO of WARNER/CHAPPELL MUSIC since MAY 2016. MAX LOUSADA became CEO/Recorded Music as of OCTOBER 1st. Also joining the board is NOREENA HERTZ.

MUSIC BUSINESS WORLDWIDE reports, STRANG exited the WMG board over the weekend, "amid speculation that SONY/RCA’s TOM CORSON and UMG/INTERSCOPE’s AARON BAY-SCHUCK [INTERSCOPE GEFFEN A&M Pres./A&R] are set to be unveiled as the new duo running WARNER BROS in LOS ANGELES."

ALL ACCESS reported CORSON was exiting as RCA Pres./COO TOM CORSON exiting and crossing the street to join WARNER BROS. RECORDS in LOS ANGELES last week (NET NEWS 9/26).

ACCESS INDUSTRIES Chairman/Founder LEN BLAVATNIK said, “As the creative leaders of WMG’s two major divisions, MAX and JON are excellent additions to our Board. I am also pleased to welcome NOREENA back onto the Board, joining an impressive group of experts across business, technology, entertainment and media. I, along with STEVE and the other directors, would like to thank CAMERON STRANG for his service on the Board; we are deeply appreciative of his many contributions.”

WMG CEO STEVE COOPER said, “I am very pleased to welcome these three leaders to our Board of Directors. With MAX now bringing his entrepreneurial vision to our entire Recorded Music operation, and JON leading WARNER/CHAPPELL to new heights around the world, they will bring invaluable insight to our Board. I’m also delighted that we’ll once again draw on NOREENA’s unique global perspective and experience, which were so welcome during her previous tenure.

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