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Big Changes at Warner Music Group

Max Lousada Stepping Down, Elliott Grainge Moving Up

New York, NY – August 1, 2023 – Warner Music Group (WMG) today unveiled a dynamic new structure for its recorded music operations, effective immediately.

Max Lousada, CEO of Recorded Music, to Step Down

After 20 years with WMG, Max Lousada has decided to step down as CEO of Recorded Music. During his tenure, Lousada oversaw the signing and development of countless award-winning artists, including Ed Sheeran, Cardi B, Lizzo, and Bruno Mars.

Elliott Grainge to Succeed Lousada as CEO of Recorded Music

Succeeding Lousada will be Elliott Grainge, the current Chairman and CEO of Elektra Music Group. Grainge joined WMG in 2019 and has been instrumental in shaping the success of artists such as H.E.R., Doja Cat, and Twenty One Pilots.

Julie Greenwald to Depart as CEO of Atlantic Records

In a related move, Julie Greenwald will step down as CEO of Atlantic Records. Greenwald has been with WMG for over three decades and has played a pivotal role in the careers of artists such as Taylor Swift, Coldplay, and Panic! at the Disco.

Warner Music Group CEO Steve Cooper expressed gratitude to Lousada and Greenwald for their contributions to the company and wished them well in their future endeavors.

Conclusion: The executive shakeup at Warner Music Group marks a new era for the company, with Elliott Grainge taking the reins of the recorded music division. Grainge's proven track record of success and innovative approach positions WMG well for continued growth and industry leadership in the years to come.