Greg Thompson 2016

Greg Thompson attends the City of Hope Spirit of Life Gala honoring Apple's Eddy Cue at the Pacific Design Center on October 23, 2014 in West Hollywood, Calif.  

Angela Weiss/Getty Images for City Of Hope

Veteran industry executive Greg Thompson is leaving Capitol Music Group and will take over as President of Maverick Music, the management company's founder Guy Oseary announced today. Thompson will be leaving his post as EVP in charge of sales, promotion, marketing, publicity, creative, video and digital production at CMG on June 1st and take the reins at Maverick by the middle of that month.

Thompson joins a Maverick team that boasts some of the industry's most high-profile managers such as Oseary, Ron Laffitte, Gee Roberson, Cortez Bryant, Larry RudolphAdam Leber, Caron Veazey, Clarence Spalding and, most recently, J Erving whose hiring was announced earlier today by Billboard, among others. Collectively, they oversee a client roster that includes U2, Madonna, Paul McCartney, Pharrell, Lil Wayne, Nicki Minaj, Britney Spears, T.I., Arcade Fire, Jason Aldean and more.

“I’m excited for this amazing chance to join a team with such a progressive and innovative culture and vision," Thompson said in a statement released by Live Nation, which is a partner in Maverick. "I want to thank Guy and the rest of the all-star managers at Maverick for this opportunity. I’m really looking forward to this next chapter.”

As president, a role which had not existed previously, Thompson will be "optimizing and identifying opportunities for talent," according the the release. Prior to his stint at Capitol, during which he oversaw the company's relocation back to its original Los Angeles headquarters, Thompson worked for EMI, Island/Def Jam, Elektra, SBK Records and Chrysalis, where he got his start in 1985.

"We knew that Greg's experience and reputation would be a huge asset to the artists we work for," Oseary said. "The music industry today faces many challenges while at the same time is also full of endless possibilities, which is why you want the best captain steering the ship. We now have that, with Greg on the team."