ole President Exits Under Restructuring

ole Chairman and CEO Robert Ott

ole Chairman and CEO Robert Ott announced the company will not renew its contract with current President Michael McCarty, which terminates at the end of this year, and will eliminate the position.

Other changes to the company’s executive structure include the addition of a new position, Chief Operating Officer, and the recent addition of VP Finance & Administration. According to ole, these changes will strengthen the operational functions of the company given its rapid growth. In its ninth year of operations, ole recently added staff in Creative, Acquisitions, Administration and Media, and employs approximately 45 people in Toronto, New York, Los Angeles and Nashville.

“ole has experienced 50% growth in the last twelve months. As a result, we have a need to continuously strengthen our operational capacity,” says Ott. “ole has nearly a quarter of its staff dedicated to the creative function and remains highly committed to growth in this area. I wish outgoing President Michael McCarty every success in his endeavors and I thank him for his contributions to ole.”

Comments

Powered by Facebook Comments

Follow MusicRow on Twitter

Category: Featured, Publishing

About the Author

Sherod Robertson is President and Owner of MusicRow Enterprises. He oversees all operations and develops strategic initiatives for MusicRow magazine, RowFax, and MusicRow's CountryBreakout chart. Robertson previously served as Director of Finance of Arista Records after beginning his career as Vice President of Finance and CFO at Reunion Records.

View Author Profile