Helen Murphy is leaving as executive VP/CFO of Warner Music Group. Michael Ward, executive VP of Bain Capital, will serve as acting CFO while WMG conducts a search to replace her.

Helen Murphy is leaving as executive VP/CFO of Warner Music Group. Michael Ward, executive VP of Bain Capital, will serve as acting CFO while WMG conducts a search to replace her.

Murphy was a key player in the recent acquisition of WMG, as well as the subsequent refinancing of the company to pay for the leveraged buyout. Bain Capital is one of the investment firms that participated in the Edgar Bronfman Jr.-led buyout of WMG from Time Warner.

In a statement, WMG chairman/CEO Bronfman says, "Since joining Warner Music Group three years ago, Helen has brought tremendous energy to the leadership of WMG's financial and administrative operations, and played a critical role in an array of major transactions, including the sale of Warner Music's DVD/CD manufacturing and physical-distribution businesses and, most recently, the sale and subsequent financing of WMG itself.

"We're grateful for Helen's many contributions, as well as her dedication and hard work, and wish for her only the best."

Prior to joining WMG in February 2001, Murphy served as CFO/chief administrative officer for Martha Stewart Living Omnimedia Inc., leading that company through its initial public offering.

From 1990-98, Murphy worked in the financial department for PolyGram Holdings, rising to CFO, and was instrumental in the acquisition of that company by Seagram and its subsequent merger with Univeral Music Group.