After nearly twenty years of collaboration, Sonny Takhar and Simon Cowell are parting ways. Takhar, who Cowell picked to head his label S Records in 2001, will exit as the president of Cowell's globally successful pop factory Syco Music, founded in 2004 as a joint venture with Sony Music.
“When I first decided to build Syco," Cowell writes in a statement on the news, "it was my wish to create a place where young, talented executives could learn and grow their talent. Sonny has been there every step of the way with me -- and in this business loyalty is rare." Cowell says the two will continue to collaborate.
Takhar, who was rumored to be under consideration for a job at Columbia, will be founding a "new entertainment venture" in Los Angeles. The move is the first in what is seen as the "post-One Direction" era for Syco.