EMI names Roger Faxon CEO


EMI Group says it plans to combine EMI Recorded Music and EMI Music Publishing under one global leader, and is planning to reposition itself as a wider rights management company. EMI has appointed Roger Faxon as group CEO. He’d been chairman and CEO of EMI Music Publishing since 2007. Charles Allen, former EMI Music chairman, will become an adviser to EMI and its shareholder, Terra Firma. EMI also mentioned last month that the private equity firm, Terra Firma, was investing additional money to fend off foreclosure by its main lender, Citigroup.