The Warner Music Group continues to realign its management team, this time naming Warner/Chappell CFO Brian Roberts to become the WMG's CFO, effective Jan. 1. He will replace Steve Macri, who has been CFO since 2008. Macri will stay on through the end of the year to ensure a smooth transition.
Earlier this year, another former WMG CFO, vice chairman Michael Fleisher, left the company. When Fleisher became vice chairman, he was replaced by Macri.
On Wednesday, the company realigned its senior staff, eliminating its European management team to put together a global management staff. Those moves were made by WMG recorded music chairman/CEO Lyor Cohen. Thursday's appointment was made by WMG CEO Stephen Cooper. Roberts, who had been Warner/Chappell's CFO since 2007, will report to Cooper.
In a statement, WMG's chairman of the board Edgar Bronfman, Jr. said, "Steve Macri has done an outstanding job, overseeing our global financial operations with skill and vision, and putting in place a team of top-flight financial executives, including Brian Roberts. Brian's financial acumen and deep understanding of the music industry and the company make him the ideal candidate to fill this vital role."
Prior to joining Warner/Chappell, Roberts, who received his B.S. degree in accounting from Manhattan College, served for five years as BMG Music Publishing's senior VP of finance and administration of North and South America.