Jason Iley is to step into the role as managing director of Mercury Records U.K. with effect from June 1. Iley, currently GM of sister company Island Records U.K., will succeed Greg Castell who is eye

Jason Iley is to step into the role as managing director of Mercury Records U.K. with effect from June 1. Iley, currently GM of sister company Island Records U.K., will succeed Greg Castell who is eyeing-up another role within the Universal Group.

Reporting to Universal Music U.K. chairman Lucian Grainge, Iley is the latest in a succession of executives to take the reins at the British Mercury company in recent years.

Castell became joint-MD of Mercury along with Steve Lillywhite in early 2002, following the departure of then-MD Howard Berman. Castell became sole-MD early last year when Lillywhite exited the post to return to record production.

On the departure of Castell, Grainge says: “Greg’s contract came up and I decided not to opt for renewal. We’re talking to Greg about other opportunities within the group. He’s been around with me for a long time and he is an excellent guy.”

Iley joined Island in September 2000 from Universal label Polydor.

"Jason is an exceptionally creative and focussed executive. His drive and business acumen have helped deliver a succession of fantastic results at Island," comments Grainge. “He’s been with me for eight or nine years,” Grainge added. “He’s a killer and I like killers.”

During his tenure at Island, Iley is credited with having played a pivotal role in various success stories including U2, Mary J Blige and PJ Harvey and with breakthrough acts Keane, McFly, Akon and Sugababes, among others.

At Mercury, Iley will be tasked with overseeing a roster of artists which includes Bon Jovi, Elton John, Texas and Jay-Z.

Island managing director Nick Gatfield is expected to unveil details of a reshuffle in the coming weeks. Iley is not expected to be directly replaced.

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