LONDON — Brit music major EMI has named Niel Van Hoff prexy of EMI Recorded Music Netherlands.
At the same time, Dick Stolk, Virgin’s managing director in Holland, is exiting the company.
Van Hoff, who was managing director of Capitol in the territory, will oversee both the Capitol and Virgin labels, in keeping with EMI Recorded Music topper Alain Levy’s comprehensive restructuring of the division’s top tier of management around the world.
Move comes as EMI prepares to sell its 42.7% stake in music retailer HMV.
The shares are expected to fetch £184 million ($264 million) when HMV is floated on the London stock market, likely before summer.