CEO to join Front Line Management.
The departure of Merck Mercuriadis from Sanctuary Group is imminent and will be announced within the next couple of weeks, a well-placed source confirms.
The source says Mercuriadis, formerly CEO of Sanctuary, will continue to manage his artists, including Elton John, Guns 'N Roses, Joss Stone and Morrissey.
It is likely that Mercuriadis will join mega-managers Irving Azoff and Howard Kaufman at Front Line Management. The source says the parting between Mercuriadis and Sanctuary is "amicable" and the two will continue to work together in managing Elton John.
Azoff could not be reached for comment at presstime.