London, January 20, 2012 – Universal Music UK Chairman and CEO David Joseph has announced the promotion of Island Records SVP David Sharpe to Chief Operating Officer of Universal Music UK, reporting to him.


The newly-created position will see Sharpe, who has played a key role in Island’s success in his eight years with the label, work closely with Joseph with a broad remit encompassing all Universal Music UK labels and business units. He will also be looking further afield to develop new commercial opportunities for the UK’s leading music company.


At Island, Sharpe progressed from Finance Director to Commercial Director and most recently Senior Vice-President. Alongside his responsibility for finance, sales, pricing, catalogue and digital, he has helped the label become a leader in setting up artist webshops, ticketing deals and other direct-to-consumer initiatives, including Tinchy Stryder’s Star In The Hood which he helped nurture from bedroom business to the High Street.


Prior to joining Island in 2003, Sharpe was Finance Director of UMTV and Catalogue, having joined Universal Music in 2001 as Finance and Planning Director. Previously he was head of business support for Virgin Records UK and also spent a year in the mid-Nineties as Director of Marketing Support for Capitol Records in LA. He qualified as a Chartered Accountant with KPMG in Dublin.


David Joseph says: “David has time and again demonstrated his entrepreneurial approach, which will be of huge benefit to our artists, labels and all aspects of our company in his new role.”


Universal Music Group’s Executive Vice President and Chief Financial Officer Boyd Muir says: “David is a very commercially minded and operational finance guy, who is well equipped to tackle the dynamic changes affecting the music industry. I look forward to working with him in his new role.”


David Sharpe says: “I am delighted to be taking on this role and to be working more closely with David and Boyd. These are very exciting and challenging times in the music business and I’m looking forward to helping to grow Universal Music’s business.”


Universal Music UK’s Chief Financial Officer David Bryant has decided to leave the business to pursue new opportunities. David Joseph says: “I’d like to thank David Bryant who has been so integral to the business and for the huge contribution he has made in his 17 years as part of the senior team at Universal Music.”