July 8, 2008
Outsider Leoni-Sceti is New EMI Boss
AN INDUSTRY outsider was yesterday named as the new boss of private equity-owned EMI's recorded music division.
Elio Leoni-Sceti, formerly European head at household goods giant Reckitt Benckiser, is the new chief executive of EMI Music.He has worked at Reckitt - whose products include Dettol, Nurofen and Finish dishwasher powder - for the past 16 years, but has never worked in the record industry.
EMI's famous label's artist roster includes best-selling acts such as Coldplay, Kylie Minogue and Lily Allen.
After the firm was taken over by private equity firm Terra Firma last year, new boss Guy Hands promised a "revolutionary" overhaul of the business to meet the challenges of the digital age. Some 2,000 jobs were also shed as part of the takeover.
Hands, who will step back as EMI's interim executive chairman to become non-executive chairman, said Italy-born Leoni-Sceti would lead the "most exciting business transformation in the music industry".
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