WMG Announces Board Of Directors Activity
March 6, 2006 at 5:14 PM (PT)
WARNER MUSIC GROUP CORP. (WMG) today announced the election of MICHELE J. HOOPER to the company's board of directors. HOOPER, co-founder and managing partner of the DIRECTORS' COUNCIL, a firm specializing in corporate board of director recruitment, will serve as an independent director on WMG's board and will sit on the audit committee.
Additionally, CHARLES BRIZIUS, a non-independent director designated by THOMAS H. LEE PARTNERS, L.P. (THL), has resigned from WMG's board of directors. RICHARD BRESSLER, formerly an independent WMG director, ceased to be independent as a result of his employment with THL, leaving six directors affiliated with THL on the board. As previously announced, WMG is party to a stockholders agreement that permits five directors on the board to be designated by THL. BRESSLER will stay on the board as a THL designated director, and the resignation of BRIZIUS returns the number of THL designated directors to five.