Brian Roberts resigned as CFO of Warner Music Group this spring after 2 years as the company’s CFO. He continued his duties as CFO until the end of September, when he moved into a newly created role within the company. Brian Roberts is now the executive vice president of corporate strategy and operations. Roberts’ new role will focus on policies, procedures, and best practices in the company’s offices around the globe.
Eric Levin is replacing Roberts as CFO and is new to the Warner Music Group. He has more than 25 years of experience in the financial divisions of global technology and media industries. Previously, Levin held CFO roles at several different companies both in the United States and abroad. The company is hoping that Levin’s experience with global and local markets will make him a valuable CFO for Warner. The company is excited about the expertise that Levin will bring to the table as they continue to refine their financial strategy to encourage more global growth.
The change in roles comes as part of Warner Music Group’s strategy to grow their worldwide infrastructure and increase their ability to invest in new talent. Both roles will be based in New York and report to CEO, Steve Cooper.
Warner Music Group is the parent company for Warner Brothers Records, Atlantic Records, and Parlophone Records. The conglomerate separated from Time Warner in 2011 and employs more than 3,500 people worldwide. In 2011, when it separated, it also became privately held. In addition to the recording side of the music industry, WMG also owns a publishing label. The company focuses on offering business solutions to artists to ensure their long-term financial and creative success within the music industry. Some of the business solutions offered include tour management, sponsorships, merchandising, and brand endorsements.
WMG operates in more than 50 countries in North America, Asia, Europe, Latin America and South Africa. They are also the third largest music recording and publishing company in the world. When digital music first became popular, the company experienced a growth of 41.7% from 2004 to 2013.