Faxon tops EMI Music Publishing
EmptyLondon — Roger Faxon has taken the reins at EMI Music Publishing, parent company EMI Group said Tuesday.
Faxon becomes chairman and CEO of the music-publishing giant, succeeding longtime chief Martin Bandier, who recently unveiled plans to lead Sony/ATV Music Publishing.
Faxon's promotion is the culmination of the music-publishing division's succession plan, unveiled in January 2005.
For the past year, Faxon served as president and co-CEO of EMI Music Publishing, while Bandier was chairman and co-CEO. Before that, Faxon was president and COO of EMI Music Publishing.
EMI Group CEO Eric Nicoli said Tuesday that he welcomed Faxon as "the ideal person to lead the next stage of EMI Music Publishing's development," noting his "strategic insight, his digital prowess, his passion for and knowledge of music publishing and his vision for the company."
Nicoli added, "With his highly talented and creative management team and EMI Music Publishing's outstanding roster of songwriters and catalog, the company is in great hands and has excellent prospects."
Nicoli went on to wish Bandier the "very best for the future" and thank the executive for his contribution to the company, which he helmed for more than 17 years.
From 2002-January 2005, Faxon was CFO of EMI Group. Before that, he had stints as executive vp and CFO of EMI Music Publishing and as EMI senior vp worldwide business development and strategy.
Before joining EMI in 1994, Faxon was an executive with auction house Sotheby's, including a stretch as CEO of Sotheby's Europe.
Lars Brandle is global news editor at Billboard.