OLE CHEERS FOR HELEN MURPHY

Former Warner Music Group CFO Helen Murphy will succeed Robert Ott as Chief Executive Officer of independent music publishing company ole. Ott will continue to serve as an advisor to Murphy and the ole Board of Directors.

Murphy is the founder and President of International Media Services, a strategic and financial advisory company with clients in the global media and entertainment industries.

“Given the ever-increasing ways people have to consume music,” Murphy said, “I believe we have an incredible opportunity at ole to continue to create value for our songwriters, our artists and our global production music and intellectual property business partners. I look forward to working with the team at ole and with its founding partner, the Ontario Teachers’ Pension Plan.”

Prior to founding IMS in 2004, Murphy was Executive Vice President and Chief Financial Officer for WMG where she was responsible for the finance, human resources, business development, information technology and real estate functions.

In 2012, Murphy was the lead external negotiator for Sony Corp. and Mubadala Development Co. to acquire the EMI Music Publishing catalog. Murphy also was CFO for Martha Stewart Living Omnimedia and CFO at PolyGram Music Group in 1990s.

Ontario Teachers’ Senior Managing Director, Capital Markets, Gillian Brown said, “We believe that Helen’s track-record, industry knowledge, creative relationships and passion for excellence make her the right person to lead the next phase of ole’s growth and development in this exciting time for the company and for the industry.

"We thank Robert for the contribution he has made to ole during his tenure. His decision to stay on as an advisor to Helen and the Board will ensure a smooth transition and we wish him all the best in his future endeavors.”