Michelle Jubelirer, the chair and CEO at of Capitol Musical Group, announced Tuesday that she is leaving the company.
Jubelirer, who has been Capitol for more than a decade, sent a memo to staff informing them of her decision, which is effective on Wednesday.
“I am deeply saddened that I will no longer be at the company we rebuilt and took to new heights over the past two years. As I’ve said before, I don’t think any label group has been able to turn things around as quickly as we have managed to, and I’m certain that we’ve set Capitol Music Group on course toward a great future,” she noted.
Her departure comes amid restructuring at Universal Music Group.
Her memo is below.
To my Capitol Music Group Team,
I wanted you to hear this news directly from me: I’ve made the extremely difficult decision to leave the company that has been my home for more than a decade, and so, today will be my last as Chair & CEO of Capitol Music Group.
I am deeply saddened that I will no longer be at the company we rebuilt and took to new heights over the past two years. As I’ve said before, I don’t think any label group has been able to turn things around as quickly as we have managed to, and I’m certain that we’ve set Capitol Music Group on course toward a great future.
Together, we became a real team; a diverse group of individuals bonded by our love of music and passion for artistry, and whose differences in backgrounds and cultural tastes made each of us stronger advocates and champions for our artists. In such a competitive and fast-paced world, we gave it our all—every minute of every day—so that our artists could seize the opportunity to realize their dreams and ultimately succeed.
I am so fortunate to work in a business that I love and be constantly surrounded by music and the talented people that create it. Every day, I renewed my promise to do my very best for our artists, and they have given me so much in return. No matter where I find myself in this business, I will always approach my relationships with artists as their advocate, their protector, and their fan.
I will let you know of my future plans as soon as I can.
In closing, let me simply say to each of you: Thank You. It has been my honor to be on this journey with you.
With love and appreciation,
Michelle
Source From: www.hollywoodreporter.com
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