Jem Aswad Senior Music EditorCapitol Music Group Chairman & CEO Steve Barnett will retire on December 31, 2020, the company announced today, capping a 50-year career in the music business, including eight years at the helm of CMG.Barnett announced his long-planned decision to the full company this morning, in conjunction with Universal Group Chairman & CEO Lucian Grainge.
The two also jointly announced the promotion of Jeff Vaughn and Michelle Jubelirer to serve as CMG’s next leaders.Vaughn, currently President of Capitol Records, will become CMG Chairman and CEO, and current CMG COO Jubelirer will serve as CMG’s President and COO.“This has been an incredible journey, and I’ve been tremendously fortunate to work with such amazing people.
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