As expected, Wind-up Records confirms executive Steve Lerner has left the company.

Lerner, who has been with the label from some of its earliest days, served stints as president and CEO over the course of his nine-year tenure. Wind-up said in a statement that Lerner ceased his day-to-day activities in October 2006. He submitted a formal resignation on March 9, 2007.

Lerner's duties largely will be absorbed by Wind-up president Ed Vetri, a seven-year vet who has been serving in his current role since November 2005.

Subscribe to billboard biz to continue reading this article and thousands more.

Billboard.biz subscribers get:
  • 24/7 coverage of every genre and sector of the business with over 150 exclusive charts
  • Bulletin: Breaking stories, chart info and analysis sent directly to your inbox every weekday
  • Billboard Magazine iPad Edition: An enhanced version of the magazine with video, photo galleries and playable charts
  • Archives: A rich history of Billboard.biz articles and exclusive charts

Join now or Log In