EMI shake-up by Terra Firma claims FD
Martin Stewart resigns from his role as music publisher's FD as new private equity owners make sweeping changes
Martin Stewart resigns from his role as music publisher's FD as new private equity owners make sweeping changes
Martin Stewart has stood down from his position as EMI’s financial chief in
the wake of Terra Firma overhauling the company’s
boardroom
structure.
EMI said: ‘In connection with Terra Firma’s acquisition of EMI Group plc it
is pleased to announce the appointment to its board of Chris Roling and Ashley
Unwin (both Managing Directors of Terra Firma Capital Partners Limited). Chris
Roling has been appointed as Chief Operating Officer of EMI Group and CFO of
both EMI Group and EMI Music and Ashley Unwin as Director of Business
Transformation for EMI Group and EMI Music.’
After snapping up the ailing company in May,the private equity heavyweight
has introduced a new governance structure which will involve the EMI board
reporting into a new supervisory board to be chaired by Terra Firma chief exec
Guy Hands.
EMI’s CEO Eric Nicoli, was another major casualty of the buyout as he agreed
tostep down in advance of the de-listing of the group which is set for 18
September.
Hands said: ‘I would like to thank Eric Nicoli and Martin Stewart for their
service to the Group.’
Further reading:
EMI agrees to £2.4bn takeover by private
equity group
The numbers you crunch tell a story. Your expertis...
17yEmbracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...
View articleOrganisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...
View articleIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceDiscover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...
View articleThe ICAEW confirms new vice president, with senior heads appointed at KPMG and EY. Within the mid market, a flurry of end of year partner appointments...
View articleThe ICAEW confirms new vice president, with senior heads appointed at KPMG and EY. Within the mid market, a flurry of end of year partner appointments...
View articleThis follows an investigation into undisclosed personal loans and issues with an acquisition. Despite challenges, the company aims to achieve £1bn in ...
View articleThe ICAEW confirms new vice president, with senior heads appointed at KPMG and EY. Within the mid market, a flurry of end of year partner appointments...
View articleThere is optimism that the IPO market will rebound in the second half of 2024, driven by pent-up demand and potential improvements in economic conditi...
View articleThe ICAEW confirms new vice president, with senior heads appointed at KPMG and EY. Within the mid market, a flurry of end of year partner appointments...
View articleKPMG confirms reappointment of it's UK chair, while EY announces Janet Truncale as the next EY global chair and CEO Read More...
View articleThe ICAEW has announced the appointment of its forthcoming chief executive Read More...
View article