Warner Music Group announced today it has created new management positions "to focus on growth opportunites." The company has promoted Lyor Cohen to Vice Chairman, Warner Music Group and Chairman and chief executive officer, Recorded Music - Americas and the U.K. Cohen was reupped for five years in March of 2008. In addition, WMG promoted Michael Fleisher to Vice Chairman, Strategy and Operations. The pair of chairmen will work toward "the unified strategy, transformation and operations of the company." Fleisher had been EVP and CFO since joining WMG in 2005. Steven Macri, WMG's SVP and Global Controller since 2005, has been named EVP and CFO.

WMG's International unit gets a bit of a shake up and has been reorganized into three regions: Warner Music Americas and the U.K.; Warner Music Asia Pacific; and Warner Music Continental Europe. WMI Chairman and CEO Patrick Vien will leave WMG.