Jonathan Nelson Resigns From WMG Board
October 24, 2008 at 1:53 PM (PT)
JONATHAN M. NELSON has resigned from the Board of Directors of WARNER MUSIC GROUP, effective OCTOBER 24th, 2008. NELSON, Founder/CEO of PROVIDENCE EQUITY PARTNERS, told to the Company that due to the relative size of PROVIDENCE’s investment in WMG compared to other portfolio investments, he will leave the Board in order to commit additional time to other responsibilities.
"JONATHAN's expertise has been extremely valuable to WMG and we will miss his wise counsel," Chairman/CEO EDGAR BRONFMAN, JR. said. "With regret, we accept his resignation and wish him all the best in his other activities."
"I have enjoyed working with my fellow WMG Board members and with EDGAR and his team at WARNER MUSIC," said NELSON. "I regret that my other commitments prevent me from continuing to serve on the WMG Board, but I look forward to the Company's future success."