EMI Music Publishing U.K. chairman/CEO Peter Reichardt is to exit at the end of May after 16 years at the helm.

EMI Music Publishing U.K. chairman/CEO Peter Reichardt is to exit at the end of May after 16 years at the helm.

According to a statement issued from EMI today (April 25), Reichardt will have a break before taking-up another role in the music industry, most likely as a music consultant.

"Peter leaves the company that he helped shape into the leading music publisher in the U.K.," comments EMI Music Publishing chairman/CEO Martin Bandier.

Reichardt began his career in 1973 as a plugger at Elektra Records. In 1976, he made his move into music publishing as professional manager for Warner Bros. Music, where he rose through the ranks to later become managing director; he retained that title when the company merged with Chappell Music. Reichardt joined EMI Music Publishing in 1989.

EMI says a successor will be announced in the coming days.