Tuesday is COO/GM's last day at label.

Today (Nov. 22) is Larry Mestel's last day as COO/GM of Virgin Records. As first tipped in Billboard.biz on Nov. 18, Virgin Records is close to finalizing a deal with Lee Trink to bring him in as GM at the New York-based label.

Trink was previously GM at Lava Records, the label founded by new Virgin chairman/CEO Jason Flom. Flom replaced Matt Serletic, who left Virgin Oct. 18.

An EMI representative confirmed that Mestel was leaving his Virgin post, but added that he continues to be in talks with Virgin parent EMI about a possible senior role in the EMI corporate structure.

Sources say that Trink could start as early as Nov. 28.