Warner Music Group has confirmed the formation of Warner Media Manufacturing & Distribution, with WEA chief David Mount heading the new unit.
Mount will assume the post of chairman and CEO; Rick Wietsma, a veep of operations for WMG, will join Mount as exec vice president.
The unit will oversee WEA Corp., WEA Manufacturing and Ivy Hill Corp., the media giant’s sales and distribution, manufacturing and packaging operations, respectively.
Mount will continue to report to WMG chairman and CEO Robert Morgado on operations, while reporting to Warner Music U.S. chairman and CEO Doug Morris on sales and marketing policies.
The move signals WMG’s expansion of its interests in the production of CD-ROMs and digital videodiscs, as well as a restructuring of its management hierarchy to permit WMG to centralize the oversight of its various divisions.
Each of the execs helming the respective companies will now report to Mount and Wietsma.
“Dave Mount’s first full year with WEA also coincides with its best performance ever,” said Jerry Gold, exec veep and CFO of WMG. “(This) growth calls for a renewed focus on how we can maximize these extraordinary resources while increasing our flexibility and responsiveness to our customers.”
Mount was named prez and CEO of WEA Corp. in August 1993 following the retirement of Henry Droz. Wietsma joined WMG in 1990.