As Billboard.biz exclusively reported last week, Mike Dungan -- no. 85 on Billboard's recent "Power 100" list -- has been appointed chairman & CEO of Universal Music Nashville Entertainment, the company announced in a statement today.
Dungan will succeed current Chairman & CEO Luke Lewis, who has decided to focus on launching a new music venture in partnership with UMG, with details to be announced shortly, the statement says. Dungan, who had been president and CEO of Capitol Nashville for 12 years, will begin with UMG on May 1. Bill Hearn, CEO of EMI Christian Music Group, will be leading both of the company's Nashville-based businesses. Tom Becci, COO of Capitol Nashville, will be the lead on day-to-day management, an EMI rep told Billboard.biz.
The announcement was made today by Lucian Grainge, Chairman & CEO of UMG, and Zach Horowitz, President & COO of the company, to whom Dungan co-reports.
"UMG is committed to expanding opportunities for artists on Music Row and Mike's appointment is testament to that fact," Grainge said. "He is one of music's most formidable creative executives, whose determination, talent and passion for music have given rise to the careers of countless superstar artists. We're delighted to welcome him to the UMG family."
"I am thrilled to join the Universal team, honored to represent the fine roster of artists under the storied MCA, Mercury, and Lost Highway labels, and proud to have the opportunity to expand on the great legacy that Luke Lewis has built," Dungan said.
"Mike is one of the best music executives in the business, with a great eye for talent, great ear for songs and great instincts for artist development," Horowitz said. "We're thrilled he has chosen to make UMG his home."
"During his long, successful tenure leading our Nashville family of labels, Luke has been a bold maverick in applying fresh new approaches to nurture and break country artists," Grainge added. "We look forward to continuing our relationship with him."
During his 12 years at president and CEO of Capitol Nashville, Dungan saw great success with Lady Antebellum, Keith Urban, Hootie & the Blowfish frontman Darius Rucker, Dierks Bentley, Eric Church, Luke Bryan, Trace Adkins and others. He joined Capitol from Arista Records where he held a number of positions, including Senior Vice President and General Manager for Arista Nashville. Prior to that, he held a variety of promotion, sales, and marketing positions with Arista, RCA Records and BMG Distribution.
An internal memo from EMI CEO Roger Faxon obtained by The Tennessean last week reportedly said that