Umg) Promotes Pascal Nègre to Global Head of New Business in Addition to Current Responsibilities
January 14, 2013 UNIVERSAL MUSIC GROUP (UMG) PROMOTES PASCAL NÈGRE TO GLOBAL HEAD OF NEW BUSINESS IN ADDITION TO CURRENT RESPONSIBILITIES Mr. Nègre Extends Duties as President of Universal Music France, Italy, Middle East & Africa and Member of UMG Executive Board Los Angeles, CA & Paris, France, Monday, January 14, 2013--Universal Music Group (UMG), the world's leading music company, today announced that Pascal Nègre, President of Universal Music France, Italy, Middle East and Africa, will expand his duties to also serve as the company's global Head of New Business. He will continue to serve on UMG's Executive Board and be based out of Paris. He reports to Lucian Grainge, Chairman and Chief Executive Officer of UMG. "Pascal's creative contributions, astute business judgment and strategic planning perspective are valued management skills for UMG," said Mr. Grainge. "This promotion reflects his many accomplishments, but also signals the tremendous growth opportunities that we see ahead for UMG as we expand globally." Mr. Nègre's appointment follows completion of UMG's landmark acquisition of EMI Recorded Music in 2012. "I'm really happy to work closely with Lucian and the Board team in order to create today the foundation of the music company of tomorrow," said Mr. Nègre. In this new role, Mr. Nègre will be responsible for a number of UMG's strategic growth initiatives on a global basis, including strategic partnerships, brand relationships, cross- organizational collaboration, and ensuring that the company continues to explore, develop and capitalize on appropriate new digital and terrestrial opportunities and business models. He will also develop and implement a global strategy on CRM, working closely with Max Hole (UMG International Chairman & CEO), Boyd Muir (Executive Vice President & Chief Financial Officer) and Rob Wells (President of Global Digital Business).
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