Today I am happy to announce that I have accepted the position of CEO of Sony BMG Music Entertainment. The new management structure was reached amicably with the full support of the Board and the parent companies. I look forward to working together with you to continue to recognize the full potential of the joint venture. I am also grateful to have the support of Andy Lack in his new role as Chairman of the Board.
With today’s announcement, we open a new chapter in our company’s short history. I realize that the integration exercise of 2005 was difficult for the entire organization, and I would like to thank each and every one of you for your contribution to the process.
The strategic objective behind the formation of the company has never wavered. Our commitment to the artists as well as employees remains one of the guiding principles of the organization.
We are off to a great start in 2006, and great opportunities lie ahead. However, the true measure of success will be that we achieve these goals together.
Warm regards,
Rolf
Dear Colleagues:
We had one heck of a Grammy night—taking home a total of 22 awards. Congratulations to us all and take a minute to celebrate the talent, strength, and determination you brought to this achievement.
I could not be happier or more proud as I welcome Rolf Schmidt-Holtz to be our new CEO. He will do a terrific job, I have no doubt, and he has all my support and encouragement going forward.
While we have tremendous challenges in front of us, both as a company and an industry, I'm so excited about our future. I am privileged to take on the role as Chairman of the Board and continue creating with you the best music company in the world.
Have a great weekend.
Cheers,
Andy
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