More changes in executive structure over at EMI too, though not the recruitment of new people, or the axing of existing people, but the creation of two new boards. It's all very exciting stuff.
You may remember that when he took control of the major, Terra Firma chief Guy Hands set up a number of 'boards' to coordinate different parts of the business. One was the 'music management board'. Well, that's going, to be replaced by the 'chairman's board' and the 'operating board'. The former will be run by Hands and be charged with long term strategy, while the latter will be headed up by Terra Firma man and EMI COO Chris Roling and have a day to day operational focus.
The memo announcing the boards also included details on some executive promotions. Perhaps most interesting was confirmation of Roger Ames' new role in the company, his A&R role for the UK and US having gone to former Island chief Nick Gatfield this week. Ames, it seems, will now work closely with Hands and Terra Firm on strategic acquisitions, presumably of the music kind.
Other exec promotions include Chris Kennedy, who goes from CFO of EMI International to a global CFO role for the whole of EMI Music; Mike Clasper, the former BAE chief who is COO of EMI Music, and who will now also take on the role of Deputy Chairman of the operating board; Mark Hodgkinson, the former Virgin Money boss who is currently Consumer Development Director, and who will become President Of Business Development; and finally Sam van der Feltz who will become President of Global Marketing.
Which is all nice and lovely, but when are these major EMI job culls that have been promised going to kick in? Very soon, we hear.