A last bit of EMI news, and there has been more speculation regarding who Terra Firma chief Guy Hands will appoint as a CEO for the major.
Hands has been fulfilling the top job himself since his private equity firm acquired EMI last year, but he is expected to hand over the day to day top exec duties to a new recruit once his restructure of the major is complete. Or, rather, according to the latest gossip, he will appoint a new CEO for recorded music division EMI Music, and that person, and existing EMI Music Publishing CEO Roger Faxon, will report to him.
The most recent name put forward as a possible for the EMI Music CEO role by the Financial Times is Elio Leoni Sceti, who currently heads up the European division for cleaning and pharmaceutical products firm Reckitt Benckiser.
Sceti would probably be great in the job. He'd presumably know a thing or two about keeping EMI's property smelling Spring fresh without having to spend thousands a month on, erm, "flowers". Plus, for those EMI associates missing that "flowers budget" that Hands reportedly cut on his arrival at the major, well, presumably Sceti has a good source for well priced drugs. I mean, his current employer make both Nurofen and Strepsils. Two of my favourite drugs.