BMG execs bailing as loss, layoffs loom
As BMG Entertainment girds itself to ride out a sizable financial loss and a sweeping round of layoffs in September, several of its top staffers have moved on to greener pastures.
The latest departures include two of the company’s top marketing execs, Scott Richman and Evan Harrison, who join their former BMG comrade, Kevin Conroy, at America Online’s nascent music division.
And in late July, Tim Delaney, the U.K. general manager for BMG’s wholly owned imprint Arista Records, bolted to J Records, the joint venture between BMG and Clive Davis.
But BMG had been playing a disruptive game of musical chairs in its executive offices for some time. Chairman Michael Dornemann and CEO Strauss Zelnick ankled in November, and four other top execs have exited this year.
“Every single employee has been reassessing their position right now,” says one person. “Everybody’s a little scared and concerned, but mostly they just want the chips to fall already.”