Matt Ellis appointed Chief Financial Officer of Universal Music Group
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Universal Music Group has appointed widely respected global finance executive Matt Ellis as its new Chief Financial Officer, effective June 9.
Based in Santa Monica, he will be responsible for leading UMG’s global financial operations and will report to UMG’s Chairman & CEO, Sir Lucian Grainge.
Most recently, Ellis served as Executive Vice President and CFO at Verizon Communications, where he led all finance activities.
Ellis is described by UMG as “a highly experienced executive with an outstanding track record of partnering across businesses to execute strategies that deliver revenue growth and profitability”.
UMG noted on Monday (May 12) that his “significant expertise in both finance and operations leadership” includes CFO, Treasury, Financial Planning and Analysis (FP&A), and Corporate Development roles at two Fortune 100 companies, and as a Chartered Accountant in the UK.
Muir has held the position as UMG’s Executive Vice President (EVP), CFO and President of Operations since 2010, and has continued to serve as CFO during the search for his successor.
In making the announcement, Grainge said: “As UMG’s evolution continues and as we expand the very definition of a music entertainment company, we wanted to find the right executive who brings a global worldview and deep financial expertise across a range of industries including media, technology and consumer goods. Matt is that executive.”
Photo: Austin Hargrave
“As UMG’s evolution continues and as we expand the very definition of a music entertainment company, we wanted to find the right executive who brings a global worldview and deep financial expertise across a range of industries including media, technology and consumer goods. Matt is that executive.”
Sir Lucian Grainge
Grainge added: “With Matt in place, Boyd can accelerate his efforts to execute on a range of strategic growth initiatives in addition to supporting me in the day-to-day management of many of our global corporate and divisional functions.”
“Sir Lucian and the leadership team have built a world class company that isn’t just the market leader, but also driving the evolution of the industry.”
Matt Ellis
Matt Ellis said: “Sir Lucian and the leadership team have built a world class company that isn’t just the market leader, but also driving the evolution of the industry.
