As expected, Warner Music Group today announced the merger of Atlantic and Elektra. Those labels, along with Lava, will be combined under the Atlantic Records Group banner.

As expected, Warner Music Group today announced the merger of Atlantic and Elektra. Those labels, along with Lava, will be combined under the Atlantic Records Group banner.

Jason Flom, who was president of Lava, has been named chairman/CEO of the Atlantic Records Group. Atlantic president Craig Kallman is named group co-chairman/COO. Both report to Lyor Cohen, WMG chairman/CEO of U.S. Recorded Music.

Julie Greenwald, former president of Island Records, is named Atlantic Records Group president, reporting to Flom and Kallman.

Ahmet Ertegun stays on as founding chairman of Atlantic Records.

As previously reported, the staff count of the combined labels is falling from 410 to 229. According to an internal memo from Cohen, the new staff will comprise 50% employees from Atlantic, 35% from Elektra and 15% new hires from outside.