December 2, 2008

EMI's turnaround has become more troubled. The Telegraph (found via Billboard.biz) reports that several Terra Firma executives with senior level positions at EMI have left the company. Chris Roling (EMI's COO and CFO), Ashley Unwin (COO for UK and North America) and Francois van der Spuy are said to have left. And this:

Sources said that EMI’s new chief executive Elio Leoni-Sceti, who recently joined as chief executive of EMI Music after a 20-year career in marketing, was keen to bring in his own management. Terra Firma has refused to provide any detail on why the senior members of staff were not reinstated into new roles at EMI.

That isn't hard to believe. CEOs tend to bring their own people with them. But I can't help but wonder if cultural differences are behind these departures. Quite a few EMI executives have little or no music industry experience. Outside perspectives will no doubt be valuable to music, but outside experience transfers only so much.

Some background info can be found in the Billboard.biz article. The Financial Times has an article as well.

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Posted by Glenn at 3:04 PM | | EMI

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