Pascucci will remain on board as a consultant through the transition. He joined Rhino, briefly known as Warner Strategic Marketing, in September 2001 from Sony Music Entertainment, where he had been senior VP of business affairs, new technology and business development.
Gore moved to Rhino in 2002 from Universal Classics Group, where he was president.
Pascucci’s exit comes nine months after the company laid off 30 to 40 staffers in the face of waning sales for physical catalog product (Variety, Sept. 24). At that time, the company cited a “fundamental transformation of the physical new release and catalog business” as a reason for the cuts.
A statement from the division said in part, “Rhino’s long-term strategy remains on course and our commitment to our core principles — creating the best most informative, innovative, and fun CD, vinyl, and digital music products, and doing everything we can to showcase the amazing artists, music and brands with whom we work — is unwavering.”