After Terra Firma scorched EMI’s earth over the last year, its new CEO Elio Leoni-Sceti is sowing new seeds with his own management restructure. On the way out: Chris Roling (pictured), Terra Firma portfolio MD, brought in in August as EMI COO and CFO; Ashley Unwin, Terra Firma’s talent MD, who had been UK and north America COO since December; and Francois van der Spuy, a Terra director. Others who may leave, Telegraph.co.uk says: Stephen Alexander, Terra’s operations MD, who has led EMI Recorded Music since March; Riaz Punja, EMI’s finance MD
Leoni-Sceti is splitting EMI in to three units: new music, catalog and music services. Thanks to restructuring costs, losses doubled in the year Terra took over; EMI missed its digital sales targets and still hasn’t digitised as much catalogue as it would like. Terra had spent the last year downsizing and reforming EMI under its own steam; with Leoni-Sceti in place, the time is soon upon us when a reborn EMI will itself try to take things forward.