Warner Music Group Corp. [WMG], the only publicly traded standalone music label, has juggled a handful of top 
executives, promoting key strategists Lyor Cohen and Michael Fleisher and reorganizing the company's international division. Cohen and Fleisher will both become vice chairmen, with joint responsibility to lead the "unified strategy, transformation and operations" of the company, according to a statement.
Cohen was previously the leader of WMG's U.S. recorded music operations, while Fleisher was the company's CFO. Senior vice president and global controller Steven Macri will step in as WMG's new CFO, and all three will report directly to CEO Edgar Bronfman Jr.
Warner's international division, Warner Music International, will be dissolved into three units: Americas, Continental Europe and Asia Pacific. WMI's chairman and chief executive, Patrick Vien, will leave the company entirely, while oversight of Warner's global strategy will fall to Fleisher.
Cohen sold 23% of his stake in WMG last month, reportedly to help finance the purchase of a $6.8 million house in the Hamptons. - Paul Bonanos
See press release from Warner Music Group
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