Warner Music CEO Stephen Cooper has told his staff he will step down next year.
Cooper, 75, also helped lead the company back to its previous status as a public entity, when it debuted on the New York stock exchange in June 2020. During his tenure — which is also the longest run as CEO of anyone in the company’s history — Warner expanded globally and has leaned into partnerships and investments in tech, Web3 and gaming, while his status as an outsider in the music business allowed him a fresh look at the business.
“We’re just at the beginning of a new golden age of music, and WMG is beautifully positioned for continued growth and innovation, with new opportunities emerging every day,” Cooper wrote in the email to staff.I wanted you to hear it from me first: I’ve informed Len and our Board of Directors that we should begin the search for my successor. The process of finding a new CEO will take time, and we’ll be looking at candidates both internally and externally.
When I arrived here in the summer of 2011, a lot of people figured I’d only be here a year or two. But eleven years later, I’m now six decades into my career, and of everything I’ve done, this is the job I’ve enjoyed the most. I’m proud to say that I’m the longest running CEO in WMG’s history. This is a wonderful company, and I’m excited to help select my successor.
In the meantime, if anyone asks you about this news, you can simply say it’s business as usual. We’re expanding our investment in artists and songwriters. We’re evolving our company culture and developing our dynamic, diverse team. We’re dramatically growing our global footprint and making transformational acquisitions. We’re building on our reputation as the fastest-moving, most forward-thinking major.
I know Max, Guy, Carianne, and the entire senior management all agree – what matters most is the music. So please, let’s keep up the great work. The main reason I’ve stayed here as long as I have is because of all of you – the brilliant people of WMG. I can’t wait to see what the future holds for this amazing team.
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