Canadian Music Publisher ole Appoints Helen Murphy CEO
Founder and former CEO Robert Ott will stay on in an advisory role.
Helen Murphy, the founder and president of International Media Services, will succeed ole founder Robert Ott as CEO of the Toronto-based independent music publisher. Ott will continue to contribute as an advisor to Murphy and the ole board of directors.
"I am passionate about music and very excited that the music industry has returned to growth around the world," said Murphy in a statement, announcing her new position. "Given the ever-increasing ways people have to consume music, I believe we have an incredible opportunity at ole to continue to create value for our songwriters, our artists and our global production music and intellectual property business partners. I look forward to working with the team at ole and with its founding partner, the Ontario Teachers' Pension Plan (Ontario Teachers')."
Added Ott: "It has been a privilege and honor to found ole and grow the company to its present position as a global player. I've had the opportunity to work with many incredible people over the years and have learned so much from them. I'm thankful to Ontario Teachers for their belief in a dream and wish Helen Murphy and ole every success in the future."
Murphy's company IMS, which she founded in 2004, provides strategic and financial advisory services to clients in the global media and entertainment industries. Services include structuring and negotiating brand extensions; negotiating and executing new media/digital growth opportunities; financial/organizational restructuring and integration activities; and negotiating and structuring acquisitions.
She was formerly executive vice president and CFO for Warner Music Group (WMG). In 2012, she was the lead external negotiator for Sony Corporation and Mubadala Development Company to acquire the EMI Music Publishing catalog for $1 billion and to negotiate a long-term administration deal for the Sony/ATV Catalog with Mubadala. She was also CFO for Martha Stewart Living Omnimedia and led the initial public offering of the company. In the 1990's, she held a series of senior financial positions, including CFO at PolyGram Music Group (now Universal Music Group).
Ontario Teachers' senior managing director, capital markets, Gillian Brown said, "We believe that Helen's track-record, industry knowledge, creative relationships and passion for excellence make her the right person to lead the next phase of ole's growth and development in this exciting time for the company and for the industry."