London - Major record label
EMI announced on Monday that it has named Elio Leoni-Sceti, former executive
vice president of Europe for consumer brand
company Reckitt Benckiser, as its new chief executive of EMI Music. Entrepreneur
Guy Hands, who has served as CEO since his private equity firm Terra Firma
acquired EMI for $4.7 billion last May, will step back to become non-executive
chairman of EMI.
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