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Doug Morris Named CEO of Sony Music

Sony Corp. president Sir Howard Stringer officially announces what had been rumored for months: Morris will replace Sony Music chairman Rolf Schmidt-Holtz.

A staff-wide memo from Sony Corporation president Sir Howard Stringer confirms what had been rumored for months: Universal Music Group chairman Doug Morris is heading to Sony Music as Chief Executive Officer. He replaces outgoing chairman Rolf Schmidt-Holtz, who will depart the company at the end of his contract on March 31. Morris will start on July 1.