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Cohen Reorganizes WMG, John Reid Out

NEW YORK (CelebrityAccess MediaWire) — Warner Music has reorganized their international management structure, with several key execs moving up and several others moving out.

According to Variety, Lyor Cohen will assume direct oversight of operations in North America, France, Germany and the U.K. Inigo Zabala, WMG president of Latin America will handle operations in Spain and Latin America while Lachie Rutherford will continue to oversee WMG's Asia and Pacific operations.

WEA president/CEO Mike Jbara is now tasked with overseeing global distribution. Rhino Entertainment president Kevin Gore is moving up to worldwide catalog and sync rights management and WMG senior vice president David Marcus will be overseeing international 360-deals.

Brian Roberts has been named to succeed Steven Macri as executive vice president and chief financial officer when Macro departs Warner at the end of the year. Roberts has been a senior vice president and CFO of Warner Music Group's music publishing business, Warner/Chappell Music, since 2007.

Meanwhile, Warner Music International senior vps Eric Daugan and Isabel Garvey and CFO Mike Saunter will join Warner Music Europe CEO John Reid in exiting the company.

Reid, who has been with WMG for eleven years in a variety of capacities, including head of Island Def Jam Records US and most recently as CEO of Warner Europe.

"Now, as we approach the next stage in the company's evolution, our global management structure will be redefined. And that has spurred me to consider what my new role should be," wrote Reid in a staff memo obtained by Variety. "Looking back on all our successes, I've decided that – rather than take a new role inside the company – the time was right to move on to my next adventure. While the decision was difficult, I depart with the comfort of knowing that all of our good work ensures a great future." – CelebrityAccess Staff Writers