EMI Music Publishing has unveiled a new management structure for its Continental European operations. Veteran executives Peter Ende and Terry Foster-Key have been promoted to jointly oversee the new o
EMI Music Publishing has unveiled a new management structure for its Continental European operations.
Veteran executives Peter Ende and Terry Foster-Key have been promoted to jointly oversee the new organization, reporting to Martin Bandier, chairman/CEO of EMI Music Publishing.
Ende, president/CEO of EMI Music Publishing Germany, Switzerland and Austria, is upped to president/CEO of EMI Music Publishing Continental Europe. He takes responsibilities for new business development and for the creative aspects of the business; his tasks include Continental European A&R strategy and the exploitation of EMI's publishing catalog. He remains based in Cologne and will continue in his role as head of EMI Music Publishing Germany/Switzerland/Austria until a successor is appointed there.
Meanwhile, Foster-Key, executive VP of EMI Music Publishing Continental European operations, becomes COO of the region. Based in London, Foster-Key is tasked with handling industry matters, and liaising with collection societies and industry bodies, administration and finance. He will continue to have responsibility for EMI Music Publishing's Eastern European operations; the respective managing directors of its Eastern European affiliates continue to report to him.
Under the new structure, the managing directors of EMI's publishing affiliates in each of the remaining Continental European territories will now report jointly to Ende and Foster-Key. In the past, the managing directors reported soley to Foster-Key.
"This new management structure takes advantage of the extensive skills and experience of both Peter and Terry," says Bandier in a statement issued today. "Each of them has a formidable track record and together they will help us to strengthen further our business in Europe. They will continue to be active in jointly pursuing new deals and acquisitions for the company," adds Bandier.
The creation of a new structure comes on the heels of a period of belt-tightening at EMI. Last November, Eric Nicoli, chairman of parent EMI Group, confirmed a round of staff cuts at the publishing arm of roughly 5% of its 600 staff. EMI Group subsequently announced a significant restructuring of it worldwide operations, involving some 1,500 staff cuts.