In a surprise announcement, Stephen Peach today (Feb. 22) revealed he is to step down as chief executive officer of Australian labels association ARIA and the PPCA collecting society.

For the past eight years, Peach has held arguably the toughest assignment in the Australian record industry, as CEO of ARIA. He joined ARIA and the PPCA in 2002, and will stay on board until this August to ensure a smooth transition for his successor.

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