Len Blavatnik has resigned from Warner Music Group’s board of directors. Blavatnik has served as a WMG director since March 2004.
He told the company his executive responsibilities at Access Industries and travel schedule would prevent his continued service on the board, according to a statement.
“Len’s expertise has been extremely valuable to WMG and we will miss his wise counsel. With regret, we accept his resignation and wish him all the best in his other activities,” said WMG’s chairman and CEO Edgar Bronfman, Jr.
Blavatnik is the founder and chairman of Access Industries, a U.S.-based industrial group. Access Industries currently holds approximately 2% of WMG’s common stock.