Published: March 09, 2011
Vivendi Appoints Lucian Grainge Chairman & CEO of Universal Music Group (UMG)
PARIS - (BUSINESS WIRE) - Regulatory News:
Vivendi announced today the appointment of Lucian Grainge as Chairman
and Chief Executive Officer of Universal Music Group (UMG), the world's
leading music company. Mr. Grainge formerly served as CEO of UMG. He
continues to report to Jean-Bernard Levy, CEO of Vivendi and serves as a
member of the Vivendi Management Board.
Commenting on this promotion, Jean-Bernard Levy stated: "We are
delighted to appoint Lucian to the top position in music worldwide. His
track record over the last thirty years in the music business is
impeccable. He is perfectly qualified to lead UMG through the digital
era across the globe."
Lucian Grainge CBE, a British citizen, started his career with CBS/April
Music in 1979, advancing to positions in Artists & Repertoire (A&R) and
talent development, and rising to senior management positions at
PolyGram UK and Universal Music internationally. Under Lucian Grainge's
leadership since 2005, Universal Music Group International, which
manages its businesses in more than 50 countries, has grown its market
share worldwide, broken global acts and led the music industry in
developing a range of new digital services.
In addition, Vivendi also announced that Activision Blizzard, Inc. has
elected Mr. Grainge to its Board of Directors effective immediately.
Headquartered in Santa Monica, California, Activision Blizzard, Inc. is
a worldwide online, PC, console and handheld and mobile game publisher
with leading positions across every major category of the rapidly
growing interactive entertainment software industry.
About Vivendi
The Best Emotions, Digitally
Vivendi is at the heart of the worlds of content, platforms and
interactive networks.
Vivendi combines the world leader in video games (Activision
Blizzard), the world leader in music (Universal Music Group), the French
leader in alternative telecoms (SFR), the Moroccan leader in telecoms
(Maroc Telecom Group), the leading alternative telecoms provider in
Brazil (GVT) and the French leader in Pay TV (Canal+ Group).
In 2010, Vivendi achieved revenues of €28.9 billion and adjusted net
income of €2.7 billion. With operations in 77 countries, the Group has
about 51,300 employees. www.vivendi.com

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