///Corporate

UNIVERSAL MUSIC GROUP INTERNATIONAL PROMOTES MAX HOLE TO CHIEF OPERATING OFFICER

LONDON-BASED APPOINTMENT TAKES EFFECT JULY 1, 2010


LONDON, March 15, 2010 – Max Hole has been promoted to Chief Operating Officer of Universal Music Group International (UMGI). The London-based appointment was announced today by UMGI Chairman/CEO Lucian Grainge, to whom he will report.
Universal Music Group is the world’s leading music company. UMGI is the division which manages its businesses in more than 50 countries outside North America.
Max Hole is currently Executive Vice President, UMGI, and President of the company’s Asia Pacific region. He will take up his new duties on July 1, 2010, assuming responsibility for UMGI’s central functions at its headquarters in London, and for the operations of UMGI territories and regions worldwide. All those responsible for these functions will report to Mr. Hole.
David Joseph, Chairman/CEO, Universal Music UK, and Pascal Negre, President, Universal Music France, and President, Mediterranean, South America and Middle East, will continue to report to Mr. Grainge.
Lucian Grainge commented, “No one is better suited to lead UMGI than Max Hole. He’s been an independent artist manager, record producer, A&R head, company managing director and, since 1998, one of Universal Music’s most senior, accomplished executives. We first met in this business 30 years ago, so I’m delighted and gratified that we’ll continue to work together, focusing on breaking artists, driving our digital music business with innovation and imagination, and delivering success.”
Max Hole said: "I have spent the last 12 years at Universal Music and am very happy to have played my part in helping Lucian build UMGI into what it is today. We work closely and understand each other. I am very excited at the prospect of continuing our partnership to build opportunities for our artists, for music fans and for our company."
Mr. Hole joined UMGI as Senior VP, Marketing and A&R, in 1998, advancing to Executive VP in 2004. He later added responsibility for UMGI’s Digital, Strategic Marketing and Commercial Affairs divisions, and for Asia Pacific and Nordic/Central & Eastern Europe. Previously, he spent 16 years at Warner Music UK.
Mr. Hole’s appointment follows that of Lucian Grainge as Chief Executive Officer of Universal Music Group. Mr. Grainge is promoted from his current role as Chairman/CEO of UMGI, and will take up his new post on January 1, 2011, succeeding Doug Morris, who will remain as Chairman. Mr. Grainge will relocate to New York from July 1, 2010. During these six months, Doug Morris and Lucian Grainge will act as co-CEOs of UMG.

Hits