EMI’s European Shuffle

At a time when The Observer was asking why Terra Firma chief Guy Hands, who referred to securitisation as the crack cocaine of finance, hadn’t kicked the habit before buying EMI, the London record label’s publishing business has shuffled its European pack.

Following the departure of Peter Ende, whose 28 years with the company took him to chief exec for continental Europe, current chairman and chief exec Roger Faxon has reportedly expanded the roles of key executives in an effort to drive revenue growth in the region.

Faxon has formed a new European executive committee, which he will chair, with global chief ops officer Leo Corbett, European chief ops officer COO Claudia Palmer, U.K. president Guy Moot, European vice president of sales Manuel Tessloff and Antony Bebawi, now general counsel for Europe as well as legal and business affairs director in the U.K.