Music Updates

Warner Music Group Elects Nancy Dubuc to Board of Directors; Thomas Lee Stepping Down

“Nancy is an exceptional addition to the board,” said Len Blavatnik, vice chairman of the WMG board and founder and chairman of Access Industries. “Her experience in visual and digital media, combined with her knowledge of youth culture and the entertainment market, make her well suited to help guide WMG’s growth. I would also like to thank Tom for his many years of valuable service on the board, and I’m pleased that we’ll be able to call on his expertise in the future.”

Added Dubuc, “Music now lives in many different forms, across cultures, technologies, and media. Warner’s dynamic, global approach to creativity and commerce, along with the powerful value proposition it offers artists and songwriters, make it a truly progressive and exciting company. I’m looking forward to working with everyone on the board to help chart the years ahead.”

Warner Music Group has “undergone an extraordinary evolution over the past 17 years,” said Lee. “It’s been gratifying to help the company drive its transformation and deliver unprecedented growth. I’m honored that Len and the Board have asked me to continue to serve the company for which I have such admiration.”

Dubuc is just the third woman on WMG’s board of directors; her appointment follows that of Ceci Kurzman, who was appointed last October. Both announcements follow criticism lobbed at the company last year when it was discovered that out of 18 total executives and board members listed in WMG’s initial public offering, zero people of color and just four women were represented.

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