Madden named interim CEO.

The Musicland Group has lost another CEO as Jack Chadsey, who assumed the post on Oct. 3, has left the company. Michael Madden, Musicland president, has been named interim CEO.

Chadsey replaced Eric Weisman, a well-known industry exective, who had been CEO since Sun Capital Partners assumed ownership of the company in June 2003. Chadsey's exit is not expected to create the unrest among vendors that Weisman's departure did.

Company insiders say that Chadsey decided to leave on his own.