Fueled By Ramen Founder John Janick Jumps Ship to Interscope Geffen A&M

 

John Janick has been named president and chief operating officer of Interscope Geffen A&M, the label announced today. Janick joins the company after 16 years at the helm of the indie Fueled By Ramen (fun., Fall Out Boy, Paramore, Panic! at the Disco) and three as co-president of Elektra Records, where he saw success with Bruno Mars, Cee Lo Green and others.

IGA chairman/CEO Jimmy Iovine said in a statement: "I'm really excited to have John come on board as President and COO; he's exactly what we needed at this time.  Everything he accomplished at Fueled By Ramen reminded me of the early days of Interscope. Combine that with John's experience running a bigger company at Elektra, and it makes him the perfect fit for us."

"I'm looking forward to what lies ahead for Interscope Geffen A&M, and I'm thrilled to be working with Jimmy Iovine." said Janick, who will report directly to Iovine. "Because he is here, I would not have gone anywhere else. I've been entrusted to help build this company for the future. Interscope Geffen A&M has great artists and great employees. It's fantastic to be joining a company that has been built on such exciting artists and music; that's something I intend on continuing." As for Fueled by Ramen, its leadership going forward is unclear. 

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Janick has been touted as Iovine's heir apparent in the weeks since news of his joining Interscope first broke, which raises questions about Iovine's future role at the company; his success with Beats Electronics and as a judge on American Idol have inevitably taken away from his day-to-day work at the label. Speaking to The Hollywood Reporter at West Hollywood's Chateau Marmont on Tuesday night, where another legendary producer, Quincy Jones, was being honored with the Montblanc de la Culture Arts Patronage Award, Iovine explained his position at the Universal-owned label. "I'm interested in a lot of things, I'm not a guy trying to keep a job," said the veteran executive. "Whether it's Beats or Idol or Interscope -- if I don't feel it, I wouldn't be here."

Janick co-founded Fueled by Ramen in 1996 from his University of Florida dorm room where he was enrolled as an 18-year-old freshman. The label grew over the following years as Janick earned a B.A. in Finance and Business Management and then an M.B.A. at the University of South Florida. FBR saw early success with Jimmy Eat World, Fall Out Boy and Less Than Jake, and in the mid-2000s with Panic! at the Disco and Paramore.

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Later brought into the Warner family with Mike Caren -- who was recently named president of worldwide A&R for Warner Music Group -- Janick would run the re-activated Elektra in 2009, starting with Cee Lo Green, Justice and Little Boots. He signed fun., whose song "We Are Young," released a year ago, was a massive hit, to FBR early in 2010.

Both Janick and Caren were named to Fortune magazine's "40 Under 40" list last year. Dangerbird Records co-founder Jeff Castelaz, who left his LA-based company last month, is in line to take over Elektra in the wake of Janick's and Caren's departures, sources tell Billboard.biz.

Janick has relocated to Los Angeles, where he will be working at the Interscope Geffen A&M headquarters in Santa Monica. 

His exit comes three days after Lyor Cohen's departure from Warner Music, where the veteran executive served as CEO and chairman. Will longtime lieutenant and Atlantic co-chairman Julie Greenwald follow Cohen and also jump ship? Insiders are certainly speculating and wondering whether more corporate rattling is in store for Warners.

Twitter: @THRMusic / @billboardbiz 

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