Roger Grierson, chairman of leading Australian independent Festival Mushroom Records, will depart at the end of the month after seven years at the company.

Roger Grierson, chairman of leading Australian independent Festival Mushroom Records, will depart at the end of the month after seven years at the company.

Grierson says he plans to work on a number of projects. He is a member of a consortium that is establishing the Pacific Club, a Sydney-based private arts club and hotel for the creative industries that is expected to open at the end of the year. He also plans to write a biography of Dave Robinson, founder of U.K. indie Stiff Records, to coincide with the label's 30th anniversary next year.

Emerging in the Australian music business in the late '70s as an independent tour promoter and head of indie label Green, Grierson went on to become managing director of the music publishing arm of PolyGram in the mid-1980s.

In 1998, New Corp. chairman Rupert Murdoch appointed him to turn around the media group's two record labels, Festival Records and Mushroom Records.

Grierson oversaw the merger of Festival and Mushroom to create FMR. He says one of his greatest achievements was charting more No. 1 albums and singles in Australia than any other company in 2001. FMR's market share is currently 5%-6%, according to retailers.

"Roger has been a tireless champion of Australasian music for thirty years. He is irrepressible and irreplaceable, and we will miss him," says FMR MD Michael Parisi, who will assume most of Grierson's duties in addition to his current role.

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