Warner Music Group has elected Nancy Dubuc to the company’s board of directors and named her chairperson of the audit committee and a member of the executive committee, effective today.
The company also announced today that Thomas H. Lee will step down from WMG’s board of directors after more than 17 years of service. Lee led the investor group that purchased the company from Time Warner in 2004. In honor of his contributions, he has been awarded the title of director emeritus.
Dubuc currently serves as CEO at VICE Media Group, which she joined in 2018. Prior to that, she was president and CEO at A+E Networks. She also serves on the board of directors of Vice Media and Flutter Entertainment.
“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.
Source
