Exec named chairman-CEO, reports to Lucian Grainge
Max Hole has been promoted to chairman-CEO of Universal Music Group Intl., receiving expanded responsibilities in the wake of UMG’s acquisition of the EMI labels.Hole, who is based in London and reports to UMG group chairman-CEO Lucian Grainge, will be responsible for the company’s global operations outside the U.S. He will also head up UMG’s international classical music business, which includes Deutsche Grammophon and Decca Classics. Hole now takes on the international chairmanship held by Grainge from 2005 through 2011, when he succeeded Doug Morris at the top of UMG. Grainge said in a statement: “We are strengthening our global management team following the important acquisition of EMI Recorded Music. Max has contributed significantly to the evolution and continued success of our international business. There is no one better to lead our efforts outside the U.S., where we anticipate significant growth opportunities with the addition of EMI to our existing international portfolio.” Hole had been COO of UMG Intl. since 2010; he was upped to exec VP in 2004, after joining the company as senior VP of marketing and A&R in 1998. He had previously spent 16 years at Warner Music U.K.