Les dirigeants de Warner Music partent.
By CLAIRE ATKINSON
Last Updated: 1:29 AM, September 15, 2010
Posted: 12:52 AM, September 15, 2010
The highly regarded chief executive and chairman of Warner Bros. Records, Tom Whalley, is exiting the company along with his COO Diarmuid Quinn, according to a statement issued by Edgar Bronfman's Warner Music Group yesterday.
Los Angeles-based Whalley, who began his career in the company mailroom, said in a memo, "Change is inevitable and more of it is certain to come."
He added he was proud to have been involved in developing the careers of a host of artists, including Madonna and The White Stripes.
Sources speculated that the change is either the result of a power grab by Warner Music vice chair Lyor Cohen -- who Whalley praised in his exit memo -- or simple cost-cutting.
Whalley is being replaced by a trio of existing executives: top producer Rob Cavallo, Todd Moscowitz and Livia Tortella.