Panos Theofanellis has stepped down as Warner Greece MD and IFPI Greece president. His departure from both posts is effective Sept. 1.

Panos Theofanellis has stepped down as Warner Greece MD and IFPI Greece president. His departure from both posts is effective Sept. 1.

Theofanellis, who has also served as BMG Greece MD, was appointed Warner Greece MD in January 2002. He previously spent 12 years at Warner in marketing, A&R, and product-manager roles.

Theofanellis tells Billboard.biz he plans to pursue other music-related fields of interest. His replacement for both posts has yet to be announced.