Matéria de Billboard

Columbia Records chairman and CEO Rob Stringer has been named chief executive officer of Sony Music Entertainment, it was announced on Oct. 18. He will report to Michael Lynton, CEO of Sony Entertainment. Current SME CEO Doug Morris will transition to the role of Chairman in April 2017.

” Columbia Records chairman and CEO Rob Stringer has been named chief executive officer of Sony Music Entertainment, it was announced on Oct. 18. He will report to Michael Lynton, CEO of Sony Entertainment. Current SME CEO Doug Morris will transition to the role of Chairman in April 2017.

A veteran of the company, the well-liked executive had been rumored to take the throne for the past several months as negotiations have been ongoing. Columbia has had a tremendous run in recent years, with Morris and co. increasing Sony Music’s market share and profitability to become “the second largest music company in the world,” the statement announcing Stringer’s appointment reads.

[…] “Rob Stringer is one of the most skilled and successful executives in the music industry,” said Lynton. “His efforts and achievements at Columbia have contributed immeasurably to the overall strength of Sony Music worldwide. Not only is he a tremendous developer of talent and nurturer of stars who has overseen numerous massive hits, but also he is an innovator who understands how to grow revenue and market share in the rapidly changing music business. His ability to adapt to meet the needs of artists and fans in a dynamic marketplace that mixes digital audio, visual media and physical goods makes him the perfect fit to head the company moving forward. I am thrilled to have him leading Sony Music’s next chapter.”

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