MUMBAI: Universal Music Group has promoted Lucian Grainge as chairman and CEO. Grainge was previously CEO.
Grainge will continue to report to Vivendi CEO Jean-Bernard Levy and will serve as a member of the Vivendi Management Board.
Lévy said, “We are delighted to appoint Lucian to the top position in music worldwide. His track record over the last 30 years in the music business is impeccable. He is perfectly qualified to lead UMG through the digital era across the globe.”
Vivendi also announced that effective immediately, Activision Blizzard Inc has elected Grainge to its Board of Directors. Activision Blizzard Inc is a worldwide online, PC, console-and-handheld and mobile game publisher.