EMI Does The Corporate Shuffle
Eric Nicoli, EMI Chief Executive Officer, has created a new International Division and announced staffing changes for the troubled label. The new International Division will oversee territories outside of the UK and North America. JF Cecillon has been appointed as Chairman and CEO of EMI Music International, and will directly oversee operations in Europe, Japan, Asia, Latin America, Australia, and New Zealand. Cecillon steps into the...
EMI Boots CEO Alain Levy
EMI has booted Chairman and CEO Alain Levy and Vice Chairman David Munns from the firm and announced a massive restructuring following dismal yearly results. EMI Group Executive Chairman Eric Nicoli will take over as CEO, where he will “take direct responsibility for the management of EMI Music.” As part of its announcement, EMI also projected a revenue drop of between 6 and 10 percent for the fiscal year ending March...
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