EMI taps Maunder CFO

Music giant finds new financial head

EMI Music has named former Clear Channel exec Tim Maunder as its new chief financial officer. Maunder succeeds Stuart Ells, who was promoted to chief operating officer and regional director for EMI Music in May.

Maunder will start in early January, reporting directly to EMI Music chairman-CEO Alain Levy. As the financial head of an EMI Group division, Maunder will also have a functional reporting line to EMI Group CFO Martin Stewart.

Maunder joins from Clear Channel’s international outdoor division, where he has been chief financial officer since 1998. He was a member of the company’s executive committee.

Maunder, 47, joined Clear Channel (then More O’Ferrall) in June 1992 as finance director of its U.K. business. In 1998, he was appointed chief financial officer of Clear Channel Intl., the international outdoor division of Clear Channel Communications.

Meanwhile, at EMI’s Virgin Records, entertainment lawyer Jeffrey Kempler has been appointed executive vice president of business affairs and development in the U.S.

Kempler, who begins immediately, is based at Virgin’s headquarters in New York and reports directly to Jason Flom, chairman-CEO of Virgin.

Kempler will oversee all of Virgin’s business affairs and business development initiatives and activities. He will work closely with Larry Mestel, chief operating officer and general manager of Virgin Records U.S., and Phil Wild, senior VP of business affairs for the label.

Kempler was most recently general counsel and senior VP, business and legal affairs, for game company Atari. From 2000-04, Kempler was senior veep of business and legal affairs for Universal Music’s Island Def Jam Music Group.

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