Capitol Music Group Chairman and CEO Steve Barnett announced today that Piero Giramonti and Jacqueline Saturn will take over as the co-general managers of Caroline, the company’s indie services division. The two will oversee Caroline’s operations across its roster of labels and artists in addition to their current roles heading up Capitol’s Harvest Records.
The move comes as Caroline wraps up a hugely successful year with 12 Grammy nominations, five of which belong to ATO Records, including Album of the Year nominee Alabama Shakes and their Billboard 200 No. 1 album Sound & Color. In addition to running Caroline, Giramonti and Saturn will oversee the company’s move from New York to the West Coast, taking up residence in the Capitol Tower in Hollywood.
“Piero and Jacqueline have utilized a true independent label spirit and approach to putting Harvest back on the map through the success of artists and projects such as Banks, Glass Animals, The New Basement Tapes, Best Coast and Matt & Kim, among many others,” Barnett said in a statement. “They are perfectly positioned to bring their considerable expertise and boundless energy to Caroline’s partners and staff while continuing the impressive growth of Harvest and its artists.”
The company plans to announce a new organizational structure in the near future, though the changes won’t affect London’s Caroline International and the division will still operate underneath Capitol COO Michelle Jubelirer and EVP Scott Greer.
As for their plans for Caroline, Giramonti mentioned “a significant increase in the operational investment in promotion and marketing,” while Saturn explained their philosophy: “We run Harvest with an independent mindset that has been crucial to the long-term support, development and success of our artists, and we will be bringing that exact approach — and the ability to draw upon the Tower’s significant resources — to Caroline’s partner artists and labels,” she said in the statement.