Capitol Music Group's Trink stepping down
Chairman and CEO of also may leaveNEW YORK -- The remaking of EMI continued Tuesday with the announcement that Lee Trink will step down as Capitol Music Group president at the end of June.
Because of EMI's new management structure, which breaks down label walls and in many cases eliminates the need for label presidents, Capitol Music Group chairman and CEO Jason Flom may also soon be leaving the company, sources indicate. The company declines comment on speculation.
Trink's departure would come two weeks after the scheduled June 17 release of the new Coldplay album "Viva La Vida," which is expected to be one of the biggest records of the year and a critically important release for EMI.
During the interim, Manhattan Records GM Ian Ralfini will work with the existing senior management, including Trink, and marketing staff to manage the marketing function, according to an EMI spokeswoman. He will report to EMI Music Global Marketing president Sam van der Feltz, according to an internal EMI memo.
Meanwhile, the company is searching for someone to head marketing for EMI Music North America.