UPDATED: Cameron Strang, chairman and CEO of Warner Bros. Records, has resigned from the Warner Music Group board, a filing from the U.S. Securities and Exchange Commission shows. The change is effective as of Oct. 1, 2017, when new Warner Music Group CEO of Recorded Music, Max Lousada, officially took on a position overseeing all of WMG’s global recorded music operations, including Atlantic, Warner Bros., Parlophone, and Warner Music Nashville, as well as catalog arm Rhino and Warner Classics and artist and label services entities WEA and ADA. Joining Lousada on the Board are Jon Platt, chairman and CEO of Warner/Chappell Music since May 2016, and economist Noreena Hertz, who’d previously served from 2014 to 2016. The Board increases in size to 13 directors.
The news comes ahead of imminent arrivals by Interscope president of A&R Aaron Bay-Schuck, who is eyed to take the chairman position (his exit from UMG was announced internally on Sept. 29, though he is expected to stay on until Sept. 2018), and Tom Corson, who sources say is leaving RCA, where he is currently COO, for a top post at WBR. The moves helped to create a splashy first official week on the job for Lousada.
In a statement released Tuesday morning, Len Blavatnik, chairman and founder of WMG parent Access Industries, said: “As the creative leaders of WMG’s two major divisions, Max and Jon are excellent additions to our Board. I am also pleased to welcome Noreena back onto the Board, joining an impressive group of experts across business, technology, entertainment and media. I, along with Steve and the other directors, would like to thank Cameron Strang for his service on the Board; we are deeply appreciative of his many contributions.”
WMG CEO Steve Cooper said: “I am very pleased to welcome these three leaders to our Board of Directors. With Max now bringing his entrepreneurial vision to our entire Recorded Music operation, and Jon leading Warner/Chappell to new heights around the world, they will bring invaluable insight to our Board. I’m also delighted that we’ll once again draw on Noreena’s unique global perspective and experience, which were so welcome during her previous tenure.”
Strang has been with the company since 2012, during which Warner Bros. has seen Top 10 albums from Prince, Red Hot Chili Peppers, Green Day, Linkin Park, Michael Buble, Fleet Foxes, Gorillaz, The Head & the Heart, Mac Miller, and Mastodon. But the label has weathered challenges, too, including the deaths of Linkin Park’s Chester Bennington and most recently Tom Petty, who died of a heart attack on Oct. 2, as well as the departure of label president Dan McCarroll earlier this year.
Warner Music Group’s other main label, Atlantic, has been on a roll since the tag team of co-chairmen Craig Kallman and Julie Greenwald took the helm in 2004 and remains one of the most formidable companies in the business.