ex-Capitol exec now no. 2 man behind Davis
Marking the first changing of the guard at the top of Arista Records in nearly 20 years, the label has tapped Charles Goldstuck exec veep and general manager, the No. 2 slot under prexy Clive Davis.
The respected industry vet, whose nod had been expected (Daily Variety, Jan. 7), will be responsible for the day-to-day management of the finance, production and human resources areas of the company.
He will work closely with Davis on business and legal affairs, as well as the label’s international operations, to help shape the label’s future.
“Charles has already had a very distinguished career marked by considerable accomplishment and achievement,” said Davis. “He is joining us at a time when we are poised to enjoy even more growth, and I know he will be in the thick of it playing a key leadership role.”
The nod to Goldstuck fills the void created by the exit of Roy Lott, who, after 19 years as Arista’s second-in-command, segued last week to EMI Recorded Music in the newly created post of deputy prexy.
Lott, who started the EMI gig last week, but whose appointment has yet to be officially announced, will report to prexy and CEO Ken Berry.
Goldstuck’s role — in addition to being the go-to guy at the label much as Lott was — will be to help manage the label’s growth and position it for continued success, both domestically and internationally, in several musical genres.
“Arista has experienced tremendous growth over the past five years,” Goldstuck told Daily Variety. “In order to fulfill Clive’s vision of taking the company to the next level, the focus has to be on strategic management and to develop the business in accordance with its needs.”
Arista has long been known as a lean and mean operation, achieving record sales levels annually and putting out top-selling albums with a fraction of the staff of many of its competitors.
The label is now faced with the need to take further steps to fend off market share encroachment from competitors and recognize the important role the international marketplace has been playing in the success of many of its releases. Usher and Toni Braxton are among the label’s several international success stories.
“I must thank Clive for providing me with the opportunity of working within one of the finest companies in the business,” said Goldstuck, who will be based at the label’s New York headquarters.
Goldstuck joins Arista from Capitol Records, where he spent more than four years, having served most recently as exec VP and chief financial officer, and previously as its senior veep/chief financial officer.
While at Capitol, he was a key member of the label’s management team under prexy Gary Gersh and was instrumental in spearheading the company’s financial operations, in addition to being an integral part of the strategic planning and expansion of the company.
Goldstuck joined Capitol following a five-year run as VP and controller of Warner-Chappell Music, the industry’s leading music publisher, where he spearheaded the reestablishment of its Latin American publishing division.