Universal Music Iberia (Spain & Portugal) president Marcelo Castello Branco was today (June 20) dismissed after more than three years in the Madrid post.

Universal Music Iberia (Spain & Portugal) president Marcelo Castello Branco was today (June 20) dismissed after more than three years in the Madrid post.

Until a replacement is hired, Miami-based Jesús López, chairman for Universal Music Latin America and Iberian Peninsula, assumes direct responsibility for the company's day-to-day management in Spain and Portugal.

López was president of Universal Music Spain and Portugal before being transferred to Miami five years ago.

López will continue to report to Paris-based Pascal Negre in the latter executive's role of president, Universal Music France, Middle East and Mediterranean-South America. In addition, he will continue to report to Universal Music Group president/COO Zach Horowitz for all activities related to Universal Music Latino and Mexico.

No reason was given for Castello Branco's dismissal, which came as a surprise to Universal's Madrid staff. Castello Branco, who is Brazilian, was appointed president in Spain in March 2003, when he was president of Universal Music Brazil and Southern Cone (Argentina, Chile & Uruguay). From 1997-2001, he had been president Universal Music Brazil. Before that, he was Santiago de Chile-based director general of Universal Music Chile. Castello Branco began his career in the music business at PolyGram Brazil in 1982.

During his spell in Madrid, Castello Branco developed the careers of Argentine-born Coti, Antonio Orozco and Tamara. Other Universal Music Spain artists include flamenco guitarist Paco de Lucia, Sergio Dalma and Ismael Serrano.

In a statement, López said "I thank Marcelo for all his contribution to the company over the years and wish him all kind of success in the future."

Questions? Comments? Let us know: @billboardbiz

Print