LONDON — Paul Russell has been upped to the new position of chairman for Sony Music Entertainment Europe, effective immediately. Russell had been prexy for the Japanese giant’s Euro music division.
Russell retains responsibility for the pan-European and South African markets and will continue to report to Sony Music Intl. president Robert Bowlin.
Russell will be aided by Paul-Rene Albertini, who was head of Sony Music France, but has now been appointed to the post of exec VP for Sony Music in Europe. A Sony spokeperson described the restructuring of management as “part of the evolutionary process to meet changes in the growth of the business.”
Bowlin praised Russell for his contribution to Sony since he became prexy for Europe in 1993, including acquiring a 49% stake in Alan McGee’s Creation Records, the home of Oasis.
Bowlin said Russell’s promotion “comes at a time of great strength for the European region, where we are the no. 1 singles and albums company in chart share across Europe for 1998.”