Now operating under the new moniker BMG Chrysalis, the growing music company continues to rework its top leadership. The name change follows the news that the BMG’s acquisition of Chrysalis is complete.
Last week it was announced that Chief Executive Officer Jeremy Lascelles will leave his post at the end of the month. Lascelles, a longtime Chrysalis executive, steered the company during its $175 million purchase by BMG Rights Management last year. He joined Chrysalis in 1994.
In late February, Hartwig Masuch, CEO of BMG Rights Management, announced that the new BMG Chrysalis will be led in the UK by Alexi Cory-Smith and John Dobinson. Steven Moran is the global Chief Operating Officer.
Nashville is already feeling the trickle-down effect from these changes, with today’s news of downsizing at the company’s EverGreen office. More news is expected as the local offices continue to merge.
In a separate, ongoing story, BMG Chrysalis is one of the potential purchasers for Warner Music Group.
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