SHERRY LANSING NAMED CHAIRMAN OF THE BOARD OF UNIVERSAL MUSIC GROUP N.V.

Rhea-AI Summary

Universal Music Group N.V. announced the appointment of Sherry Lansing as Chairman of the Board, effective January 10, 2023. She succeeds Judy Craymer CBE, who is retiring to focus on her work as a film and theatre producer. The board expressed gratitude for Craymer's contributions.

Universal Music Group, a leader in music-based entertainment, engages in recorded music, music publishing, merchandising, and audiovisual content, aiming to enhance opportunities for artists and fans.

Positive

• Sherry Lansing appointed as Chairman, bringing potential for fresh leadership.
• Continuity in governance with a smooth succession from Judy Craymer.

Negative

• None.

HILVERSUM, Netherlands, Jan. 10, 2023 /PRNewswire/ -- Universal Music Group N.V. (EURONEXT: UMG) announced today that its Board of Directors has designated Sherry Lansing as Chairman of the Board with effect from January 10, 2023. Ms. Lansing will succeed Judy Craymer CBE, who has decided to retire from the Board with effect from the same date, to focus on her activities as a film and theatre producer. The Board is very grateful for Ms. Craymer's contributions to the Company.

About Universal Music Group

At Universal Music Group, we exist to shape culture through the power of artistry. UMG is the world leader in music-based entertainment, with a broad array of businesses engaged in recorded music, music publishing, merchandising, and audiovisual content. Featuring the most comprehensive catalogue of recordings and songs across every musical genre, UMG identifies and develops artists and produces and distributes the most critically acclaimed and commercially successful music in the world. Committed to artistry, innovation, and entrepreneurship, UMG fosters the development of services, platforms, and business models in order to broaden artistic and commercial opportunities for our artists and create new experiences for fans. For more information, visit www.universalmusic.com.

Contacts:

Investors  
Erika Begun – investorrelations@umusic.com

Media  
James Murtagh-Hopkins – communicationsnl@umusic.com

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SOURCE Universal Music Group N.V.

FAQ

Who is the new Chairman of the Board for Universal Music Group?

Sherry Lansing has been appointed as the new Chairman of the Board, effective January 10, 2023.

Why did Judy Craymer retire from the Board of Universal Music Group?

Judy Craymer retired to focus on her activities as a film and theatre producer.

What is the significance of Sherry Lansing's appointment for UNVGY?

Sherry Lansing's appointment could introduce new leadership strategies and perspectives for Universal Music Group, potentially impacting its operations and market position.