Albert Music CEO Tim Prescott is to step aside from the top job at the leading Australian independent music company, Billboard.biz can exclusively reveal.

"After three great years, during which we have reinvigorated Alberts, I have decided it is time for me to pursue some exciting new goals," Prescott tells Billboard.biz. "Now is the time to move on."

A former high-flying Sony BMG executive, Prescott joined Albert Music as CEO in July 2007.

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