Helen Murphy To Leave Warner Music Group

06/04/04

Warner Music Group announced today that Executive Vice President and Chief Financial Officer Helen Murphy will be leaving the company to pursue other opportunities. Michael Ward, Executive Vice President of Bain Capital, will serve as acting CFO, effective immediately, while the company conducts a search to fill the position on a permanent basis.

In making the announcement, Edgar Bronfman, Jr., Warner Music Group's Chairman and CEO, said, "Since joining Warner Music Group three years ago, Helen has brought tremendous energy to the leadership of WMG's financial and administrative operations, and played a critical role in an array of major transactions, including the sale of Warner Music's DVD/CD manufacturing and physical-distribution businesses and, most recently, the sale and subsequent financing of WMG itself. We're grateful for Helen's many contributions as well as her dedication and hard work, and wish for her only the best."

About Warner Music Group

Warner Music Group, with its broad roster of new stars and legendary artists, is the world's largest privately held independent music company. The company is home to a collection of the best-known record labels in the music industry including Atlantic, Elektra, Lava, Maverick, Nonesuch, Reprise, Rhino, Sire, Warner Bros. and Word. Warner Music International, a leading company in national and international repertoire operates through 37 affiliates and numerous licensees in more than 50 countries. Warner Music Group also includes Warner/Chappell Music, one of the world's leading music publishers, with a catalog of more than one million copyrights worldwide. For more information about Warner Music Group, visit our corporate website at http://www.wmg.com [ http://www.wmg.com/ ].

Source: Warner Music Group