Exec Flom bails from diskery

NEW YORK — Jason Flom is out as chairman-CEO of Atlantic Records Group, effective immediately.

Co-chair/chief operating officer Craig Kallman will assume both roles in a move to thin out Atlantic’s crowded and somewhat confusing executive suite. Atlantic accumulated top managers when a handful of labels were merged after investors led by Edgar Bronfman Jr. bought Warner Music Group from Time Warner last year.

Atlantic had three chairmen.

Kallman, 40, continues to report to Lyor Cohen, head of WMG’s recorded music business. Julie Greenwald will continue to serve as Atlantic’s prexy, reporting to Kallman. Atlantic’s co-founder, Ahmet Ertegun, remains founding chairman.

Lava Records, a joint venture between Flom and Atlantic, will become a wholly owned unit of Atlantic under terms set out in Flom’s contract.

Flom, 44, is on vacation with his family and wasn’t available to comment.

“We want to thank Jason for all he has done over the past 26 years to strengthen Atlantic’s proud tradition as one of the world’s greatest homes for recording artists … He departs with our deepest respect, and we wish him only the best,” Cohen said in a statement.

Atlantic is one of WMG’s two major labels along with Warner Music, flanked by Asylum, Bad Boy, Elektra, Lava, Maverick, Nonesuch, Reprise and Rhino and East West.

Artists include Missy Elliott, Jewel, Rob Thomas and Staind, whose “Chapter V” is the nation’s top-selling record. The Click Five, whose “Just the Girl” is the top song on iTunes, will release its debut album next week.

Flom’s impressive A&R track record includes albums from Sugar Ray, Kid Rock, Tori Amos, Simple Plan, Skid Row, Twisted Sister, matchbox twenty and the Corrs.

WMG is the only publicly traded music company in the U.S.

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