Warner Music announces reorganization of Recorded Music operations

Warner Music unveiled a new structure for its Recorded Music operations. As part of this reorganization, Max Lousada, CEO, Recorded Music, has decided to step down at the end of the fiscal year September 30, after 8 years in the role, and 20 years at WMG. Lousada will remain as an advisor through January 31. At the same time, Julie Greenwald has begun a leadership transition, which will see her take on a new role as Chairman, Atlantic Music Group, reporting to Robert Kyncl, WMG CEO. Effective October 1, Elliot Grainge, 10K Projects Founder & CEO, will become CEO of Atlantic Music Group, reporting to Kyncl. WMG’s Recorded Music regional and divisional leaders will report directly to Kyncl. In the new structure, WMG will neither have the roles of CEO, Recorded Music nor President, International, Recorded Music. Prior to becoming CEO of Recorded Music in 2017, Lousada served as Chairman & CEO of Warner Music UK, where he oversaw the integration of Parlophone Records. Lousada previously headed up Atlantic Records UK for nine years. Since joining Atlantic 20 years ago, Atlantic Music Group has grown to encompass music brands such as 300, ATCO, Big Beat, DTA, Elektra, Fueled By Ramen, Low Country Sound, Public Consumption, and Roadrunner. Elliot Grainge joined WMG last year, after the company acquired a majority stake in his label, 10K Projects.