Jay Boberg Resigns As MCA President

Jay Boberg resigned today (Jan. 16) as president of MCA Records, which will now be overseen by Interscope/Geffen/A&M chairman Jimmy Iovine. However, MCA will remain a "full-service, free-standing

Jay Boberg resigned today (Jan. 16) as president of MCA Records, which will now be overseen by Interscope/Geffen/A&M chairman Jimmy Iovine. However, MCA will remain a "full-service, free-standing label," according to Universal Music Group (UMG) chairman Doug Morris.

MCA senior VP of promotion Craig Lambert has been named interim head of the label, reporting to Iovine. A new MCA president -- who is expected to be named in a few months, according to a statement from Morris -- will also report to Iovine. Boberg had reported to Morris and UMG president/COO Zach Horowitz.

Sources say MCA has been placed under Iovine because "he has been a consistently successful and creative executive." A UMG spokesman declined to comment.

Boberg, who has served as MCA president since November 1995, resigned during a hastily called mandatory meeting this morning at MCA's headquarters in Santa Monica, Calif.

In an internal memo, Boberg lauded the successes under his regime, including Mary J. Blige and Jodeci, both of whom were already on the label when he arrived from MCA Music Publishing. He also cited such hit acts as Blink-182, Sublime, Shaggy, the Roots, and New Found Glory.