Blog Post

Sony BMG Names New CEO to Replace Lack

Well, that was a lot of fun while it lasted…for us journalists, that is. The CEO and chairman of the Sony BMG board are trading hats in a shake-up. Rolf Schmidt-Holtz, who had been chairman, is replacing CEO Andrew Lack, who becomes chairman of the board.

The swap follows months of criticism of Lack’s tenure as CEO, including investor discontent over spiraling fees paid to artists and a scandal over copy protection software in Sony CDs.