EMI Music Continental Europe chairman/CEO Jean-Francois Cecillon today unveiled a new management structure for the unit's Italian operation -- one that does not include current EMI Music Italy preside
EMI Music Continental Europe chairman/CEO Jean-Francois Cecillon today unveiled a new management structure for the unit's Italian operation -- one that does not include current EMI Music Italy president/CEO Riccardo Clary.
EMI declined to confirm Clary's departure, although sources tell Billboard.biz that he left the company today.
Clary was appointed president of EMI Music Italy in 1998. He was previously managing director of Virgin Italy.
In a statement, Cecillon announced that Beppe Ciaraldi, GM of Capitol Italy, has been elevated to MD of EMI Music Italy. He will also continue as head of Capitol, a position he has occupied since April 2002. Ciaraldi "will be the sole person in charge of the day-to-day management of EMI Music Italy," according to the statement.
Cecillon -- who was appointed to his Continental Europe post in March, replacing Emmanuel de Buretel -- continues as chairman of the board of EMI Music Italy.
In addition, EMI Music Italy VP of A&R Fabrizio Giannini will add stripes as deputy MD. Giannini is regarded as a crucial A&R executive, having signed up-and-coming act Tiziano Ferro, among others.
Giampietro Paravella remains GM of Virgin.
Clary's exit marks the second high-profile departure from EMI Music Continental Europe this month. French president Eric Tong Cuong exited last week.