Warner Music UK Names Max Lousada New CEO

He will serve as co-CEO until Christian Tattersfield, the current head of the company's British operations, departs in February.

LONDON -- Warner Music Group said Sunday that Christian Tattersfield would step down as CEO of Warner Music UK and co-chairman, Warner Bros. Records UK in February.

It named Max Lousada co-CEO of Warner Music UK with immediate effect and said he would assume the position of sole CEO after Tattersfield's departure.

Both report to Warner Music CEO Steve Cooper. Lousada will also continue in his role as chairman, Atlantic Records UK.

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Miles Leonard, chairman of Parlophone Records and co-chairman of Warner Bros. Records UK, will take on full responsibility for Warner Bros. Records UK following Tattersfield’s departure, the firm also said. He will report to Lousada.

"Christian's tenure as leader of Warner Music UK has been an extremely impressive one," said Cooper. "As well as guiding the company through on-going commercial success, he has fostered a culture of excellence in artist development that will continue to shape our future."

He added: "Max is a natural successor to Christian and, in Miles and the rest of the senior U.K. team, he will have extremely strong support when he takes the role. His appointment ensures stability and continuity during the handover period and leaves us well positioned for growth in this important and influential market."

Said Tattersfield: "With the company in such great shape and its future in such good hands, the time is right for me to focus on the kind of entrepreneurial projects that I have pursued since I started out in the industry." He didn't detail specific future plans.

"I’m delighted to have the opportunity to lead Warner Music UK and am indebted to Christian for his tremendous encouragement over the last four years, during which time he steadfastly supported our boundless ambition and artistic vision for Atlantic UK," Lousada said. "I look forward to continuing that spirit of partnership with Miles and our other exceptional leaders here in the U.K. as well as with the extraordinary artists we work with across all our labels."

E-mail: Georg.Szalai@THR.com
Twitter: @georgszalai