Chris Willman Senior Music Writer and Chief Music CriticAs expected, Warner Music Nashville’s chairman-CEO John Esposito — widely known in Music City as just “Espo” — will move to an emeritus role in 2023 in a long-talked-about succession plan that will see his two key lieutenants moving into more elevated roles, a source close to the situation confirms to Variety.
The move is expected to be formally announced within the next few weeks.The label’s two current executive vice presidents, Ben Kline and Cris Lacy, are expected to pair up and together assume Esposito’s chairman-CEO roles at the label, as has been expected since they were promoted to their current posts in 2019.
Billboard reported the news early Tuesday; a rep for Warner declined comment. The move comes as no surprise, since Esposito has long said that he foresaw Kline and Lacy succeeding him.
Having previously said he could never see retiring altogether, Esposito is expected to stay on in an oversight role.Lacy and Kline both received promotions in 2019, which prompted public discussion by Esposito of them eventually being bound for even bigger things.
Read more on variety.com
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