EMI Music Publishing has new chairmanMarch 6, 2007
Roger Faxon has been appointed by EMI Group as the new chairman and CEO of EMI Music Publishing. This appointment is part of the succession plan that EMI Group announced for its New York-based publishing division in January 2005.
EMI Group CEO Eric Nicoli has said: “Roger is the ideal person to lead the next stage of EMI Music Publishing’s development with his strategic insight, his digital prowess, his passion for and knowledge of music publishing and his vision for the company. With his highly talented and creative management team and EMI Music Publishing’s outstanding roster of songwriters and catalogue, the company is in great hands and has excellent prospects.”
For the past year Faxon has been president and co-CEO of EMI Music Publishing, and prior to that president and COO of the division. Faxon replaces Martin Bandier who was with the company for 17 years.
Analysts said EMI’s announcement showed it was getting on with “business as usual” despite the two profit warnings. The group said last week it had rejected a 2.1-billion-pound cash takeover proposal from Warner Music Group because the price was inadequate and not in the best interests of its shareholders.