(The following is a reformatted version of a press release
issued by Warner Music Group Corp. and received via electronic
mail. The release was confirmed by the sender.)
ROB WIESENTHAL APPOINTED CHIEF OPERATING OFFICER/CORPORATE,
WARNER MUSIC GROUP
NEW YORK, December 20, 2012 - Warner Music Group Corp. today
announced that Rob Wiesenthal has been appointed Chief Operating
Officer/Corporate, Warner Music Group, a new position, effective
January 1, 2013. Wiesenthal will be based in New York and
report directly to Steve Cooper, CEO, Warner Music Group. All
other reporting relationships at the company remain unchanged.
As a member of WMG’s senior management team, Wiesenthal’s
responsibilities will include global corporate development
across WMG’s recorded music and music publishing operations,
identifying new business models and helping to drive growth
through key investments and acquisitions. Wiesenthal will also
provide occasional advice to Access Industries, WMG’s parent
company, on media and technology opportunities.
“There are few media and technology executives of Rob’s stature
and expertise,” said Cooper. “His commercial acumen, commitment
to innovation and wide-ranging experience make him a superb
addition to our talented management team. Rob will be a
valuable resource as we enhance and grow our position as a
progressive music company.”
“I’m thrilled to join Warner Music at this exciting time for
both the company and the industry. Throughout my career I’ve
worked closely with media and entertainment executives in
helping them identify new ways to enhance their business and to
find opportunities for growth, including developing and
executing innovative business models,” said Wiesenthal.
“Atlantic Records, Warner Bros. Records and Warner/Chappell are
among the most respected brands in music, with exceptional
recording artists, songwriters and employees. It is an honor to
join an organization with such incredible heritage, which is
defining a new kind of music company with an entrepreneurial and
creative spirit. I can’t wait to get started.”
Wiesenthal joins WMG from Sony Corporation where he has served
in various leadership roles including Executive Vice President &
Chief Financial Officer of Sony Corporation of America;
Executive Vice President, Chief Strategy Officer, Sony
Entertainment Inc.; and Group Executive, Sony Corporation. He
was also a member of Sony Pictures Entertainment’s Operating
Committee and sat on the Board of Directors for Sony Music
Entertainment and Sony Ericsson. He was responsible for all
financial aspects of Sony Corporation of America across its
entertainment companies, and led Sony’s corporate development
and mergers and acquisitions efforts.
Wiesenthal’s achievements at Sony include leading the
transaction to buy Bertelsmann out of its stake in Sony Music
Entertainment’s recorded music joint venture in 2008. He oversaw
the rapid growth of Sony/ATV Music Publishing, including through
the acquisition of EMI Publishing in 2011 and the purchase of
the Leiber Stoller and Viacom Famous Music catalogs in 2007.
Prior to joining Sony in 2000, he was Managing Director and Head
of Entertainment & Digital Media, Investment Banking for Credit
Suisse First Boston, where he advised on high profile deals
including News Corp.’s purchase of New World Communications and
Sony Pictures Entertainment’s acquisition of Telemundo, the
second largest Spanish-language TV network in the United States.
He also serves on the Board of Directors for Entercom
Communications Corp. and TripAdvisor Inc. and is a mentor at
TechStars, a digital startup accelerator.
About Warner Music Group:
With its broad roster of new stars and legendary artists, Warner
Music Group is home to a collection of the best-known record
labels in the music industry including Asylum, Atlantic, East
West, Elektra, Nonesuch, Reprise, Rhino, Roadrunner, Rykodisc,
Sire, Warner Bros. and Word, as well as Warner/Chappell Music,
one of the world’s leading music publishers, with a catalog of
more than one million copyrights worldwide.
For Further Information:
+ 1 (212) 275-2244
+1 (212) 275-2213
Press spacebar to pause and continue. Press esc to stop.