On the heels of several sales chart successes, DreamWorks Records promotion and marketing chief Bruce Tenenbaum will ankle the label.
The industry vet, who still has three years remaining on his employment pact, has been with the label since shortly after its inception.
Insiders said the fate of Tenenbaum, who structured the label’s promotion marketing and sales departments, was decided late Tuesday night by label co-chiefs Mo Ostin and Lenny Waronker.
Industry insiders suggest that the exit of an exec at Tenenbaum’s level signals additional anklings by label execs.
Tenenbaum confirmed his pending exit to Daily Variety, but declined further comment. He is expected to leave by the end of this week.
His exit comes as DreamWorks has a trio of albums on the sales charts, with Buckcherry, Chris Rock and Powerman 5000.
The discs, which are benefiting from setups orchestrated by Tenenbaum’s team, are collectively selling more than one hundred thousand units per week and have strong industry buzz.
Label insiders deny staff cuts are pending, and dismiss industry speculation that Tenenbaum’s exit is related to the recent hiring of Steven Baker, former prexy of Warner Bros. Records, whose background is similar to Tenenbaum’s.