Warner Music Group Announces Reorganization Of Recorded Music Operations; CEO Max Lousada To Step Down At End Of Fiscal Year On Sept 30; Elliot Grainge To Become CEO Of Atlantic Music Group Starting Fiscal Year 2025
Portfolio Pulse from Benzinga Newsdesk
Warner Music Group (WMG) has announced a reorganization of its recorded music operations. CEO Max Lousada will step down at the end of the fiscal year on September 30. Elliot Grainge will become the CEO of Atlantic Music Group starting in fiscal year 2025.
August 01, 2024 | 7:58 pm
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Warner Music Group (WMG) is undergoing a reorganization of its recorded music operations. CEO Max Lousada will step down at the end of the fiscal year on September 30, and Elliot Grainge will take over as CEO of Atlantic Music Group starting in fiscal year 2025.
The reorganization and leadership changes at Warner Music Group could lead to strategic shifts in the company's operations. However, the immediate impact on the stock price is likely to be neutral as the changes are planned for the future.
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