Universal Music Group CFO Nick Henny Set To Retire
November 8, 2010 at 3:58 AM (PT)
There's a change coming to the executive suite at UNIVERSAL MUSIC GROUP, reports THE NEW YORK POST, as Vice Chairman/CFO NICK HENNY is exiting. HENNY is retiring after a decade with the world's largest music company. Co-CEO LUCIAN GRAINGE "is drafting international CFO BOYD MUIR to take over before the end of the year. He will relocate from LONDON to LOS ANGELES, where GRAINGE is based, and be appointed Global CFO, a new title."
"NICK made it clear to us that he feels the time has come for him to take on different challenges in his life," UMG wrote in a statement. "While we are sorry to see him go, especially during this transitional period, we certainly understand and respect his decision. NICK has been a great CFO, benefiting us over the years with his invaluable insight, expertise and friendship, all of which has helped make [the company] the market leader."
THE POST also reports, "In marketing and promotions, BOB GORDON and TOM BIERY are also said to be departing the firm."