Stephen Russo has been promoted to Executive Vice President and Chief Financial Officer for Columbia Records, it was announced today by Rob Stringer, Chief Executive Officer of Sony Music Entertainment, to whom Russo reports. Formerly, Russo was Senior Vice President, Finance & Operations/Chief Financial Officer for Columbia Records. According to a press release, he will continue to oversee Columbia’s finance and operations, marketing financial planning, release planning, touring & events, and digital production functions.
“Steve has played an indispensable leadership role in all of Columbia’s financial and operational functions for many years,” stated Stringer. “He possesses a unique vantage point for seeing the big picture and the exceptional ability to strategically navigate today’s diverse marketplace on behalf of the label. Columbia Records joins me in congratulating Steve on this well-deserved promotion.”
Russo stated, “I’d like to thank Rob Stringer and Kevin Kelleher for their support and leadership, and for extending me the continued privilege of being associated with the most iconic record label in the business. It’s truly an honor to be part of a team responsible for serving our artists and bringing some of the most prolific music recordings in the world to the consumer public.”
Russo has been with Sony Music for 23 years in various financial and operational positions. He joined Columbia in 2005 as Vice President, Finance & Operations and was promoted to SVP in 2010. Russo took on an expanded role in Columbia Records’ overall management and business strategy when he was accorded the additional title of Chief Financial Officer by the label in 2015.
Russo joined Sony Music Entertainment in 1994, having previously worked at Ernst & Young as an audit professional in the service firm’s Media & Entertainment practice.