Jason Flom, former co-chairman/CEO of Atlantic Records Group, will replace Matt Serletic as chairman/CEO of Virgin Records in America, Billboard has learned. According to sources close to the deal, Fl

Jason Flom, former co-chairman/CEO of Atlantic Records Group, will replace Matt Serletic as chairman/CEO of Virgin Records in America, Billboard has learned. According to sources close to the deal, Flom is expected to take the reins at Virgin as soon as Monday, Oct. 24 -just five days after Virgin parent EMI announced that Serletic was stepping down from his role.

The move ends months of speculation about the leadership of EMI's Virgin label, and, especially, where and when Flom would resurface. Flom resigned from Atlantic on August 17. A 26-year Atlantic veteran, Flom's A&R credits include Sugar Ray, Kid Rock, Tori Amos, Simple Plan, Skid Row, Twisted Sister, Matchbox Twenty and the Corrs. He was recently named the T.J. Martell Foundation's 2005 Humanitarian Award winner.

An EMI spokesperson declined to confirm Flom's appointment, saying that Serletic's successor would be "announced in due course." Flom was unavailable for comment.