Exclusive: EMI Classics decapitated – againmain
The bumbling Citibankers who own EMI and are trying to sell it have never had a clue what to do about its prestigious but non-megaprofitable classical division. For a while they left it alone under the leadership of Eric Dingman, a former garment industry executive who did less harm than expected.
But Eric apparently outlived his usefulness. Today, he was ousted.
Here’s the brutal internal memo that went round an hour ago. It may appear to be in English, but it’s not a language I recognise.
From: Internal Communication Sent: 11 August 2011 20:07 To: !1 All EMI Music Staff Globally Subject: Organisation announcement - from Leo Corbett Dear all We are taking steps to better align the Classics business with our new Hub management system. Within our ongoing commitment to the Classics business globally, we want to be sure to optimize how Classics integrate with the various regional and country organisations as we have done in other genres. With Classics, as with all our businesses and functions,
we are continuously moving to increase our operating effectiveness.
To that end, David Kassler will become the Chairman of Classics and lead a new Global Classics Steering Group, comprised of the senior Classics professionals from around the world. Also in this Group will be Amanda Cupples, who will function as the Chief Operating Officer for the Global Classics business, focusing on strategy development and global coordination. The majority of our classics teams in territories will report into their local country organisations. We would like to thank Eric Dingman for his leadership of Classics over these past few years. Eric has brought a series of important changes to the business and we are all the better for that. We wish Eric well as he moves on.
Leo Chief Operating Officer, EMI Group