 By Silicon
el 07-Jul-2008 |
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 As previously reported, EMI owner Guy Hands has finally hired a new CEO for his recorded music division: Elio Leoni-Sceti, a 42-year-old P&G vet who most recently headed the European division of Reckitt Benckiser. And as previously reported, Leoni-Sceti has zero experience in the music business.
This either doesn't matter because A) Hands intends to sell off or wind down the money-losing unit and focus on maintaining his money-making music publishing business, or because B) a resume packed with years of experience in the music business isn't a plus these days.
Release:
Mr Leoni-Sceti joins from Reckitt Benckiser, the FTSE30 consumer brand company,
where he has been Executive Vice President, Europe. His stellar 16 year career with
Reckitt Benckiser has seen him lead some outstanding brand successes and business
turnarounds in the United States and across Europe. Under Elio's tenure as Global
Head of Category (2001-05), the company strengthened its recognised leadership in
product innovation and global branding, while creating a new culture of integrated
media and communication. In the last two years, as Head of Europe, Elio accelerated
business growth in Europe, and built a stronger competitive position for its major
brands.
Guy Hands said:
'I am delighted that Elio is joining as Chief Executive of EMI Music to lead the most
exciting business transformation in the music industry. His career achievements and
outstanding leadership qualities are ideally suited to ensuring that EMI is a successful
business. Elio has the passion, drive and belief in the future of the music industry to
realise the ambitions we all have for EMI. Having completed the organisational
restructuring at the end of June and finalised our strategic work, Elio joins at the right
time to shape, drive and lead EMI to become the world's most artist focused and
consumer friendly music company. With Elio's arrival as Chief Executive, I will be
stepping back to become Non Executive Chairman of EMI. I would like to thank all
our artists, staff and business partners for their continuing support and hard work to
effect the changes underway and the positive results being achieved.'
Elio Leoni-Sceti said:
'This is a hugely exciting time for the music business and for EMI. EMI is the
world's longest established music company operating in over 40 markets globally
with a roster of some of the most successful artists in the world. They range from long
established names such as The Beatles, Pink Floyd, Queen and The Beach Boys to
contemporary singers such as Kylie Minogue, Lily Allen and Norah Jones. Its current
successes include Coldplay and Katy Perry topping both the UK and US charts. The
potential that can be realised in this industry is massive, music consumption is
growing more than ever across the world and I cannot wait to get started and to
working with EMI's artists and employees.'
See Also: EMI Ready To Hire P&G Vet To Run Music Label
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