Co-prexy Reid deserting Island

Exec was previously chair of Polygram Music

Island Def Jam Music Group co-prexy John Reid has ankled the diskery. Reid joined Island in the wake of its purchase as part of Seagram’s $10.4 billion Polygram deal in 1998. He was previously chair of Polygram Music in Canada.

In a prepared statement, Island Def Jam chair Jim Caparro said, “Throughout his time with us, John has helped to create a thriving, cutting-edge music company. He has been a tremendous contributor to our success, and we certainly respect his drive to seek out new challenges. We wish him the very best in all of his future endeavors.”

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