As expected, EMI Group has confirmed that Roger Faxon is now properly installed as Chairman and CEO of its publishing company, EMI Music Publishing. The confirmation follows the departure of long time chief Marty Bandier, who is joining rival publishing firm Sony/ATV.
As previously reported, Faxon and Bandier have been co-CEO's of EMI Music Publishing for over a year now, with the intention always that Faxon would take over single handedly once Bandier retired from the company. However, in the end Bandier's departure came much sooner than originally intended, although a quicker departure had been on the cards for a few months before his new Sony/ATV role was confirmed last month.
Confirming Faxon's new appointment, EMI Group chief Eric Nicoli said yesterday: "Roger is the ideal person to lead the next stage of EMI Music Publishing's development with his strategic insight, his digital prowess, his passion for and knowledge of music publishing and his vision for the company. With his highly talented and creative management team and EMI Music Publishing's outstanding roster of songwriters and catalogue, the company is in great hands and has excellent prospects".