Edgar Bronfman Jr., who had been serving as chief executive, was named chairman and will focus on the company’s strategy and growth opportunities. Stephen Cooper, the current chairman, was elected as chief executive and will be responsible for Warner Music’s day-to-day operations, the company said.
Warner Music, home to artists such as Eric Clapton, Jason Mraz and Cee Lo Green, announced the changes Friday.
Mr. Cooper will continue to serve on the company’s board, Warner Music said.
Mr. Cooper also serves as a member of the supervisory board for chemical maker LyondellBasell Industries N.V. He also is an adviser at Zolfo Cooper, a financial advisory and interim management firm that he co-founded, and managing partner of the private-equity firm Cooper Investment Partners.
In addition, Thomas Lee, who served on Warner Music’s board from March 2004 until last month, was elected as a director of the company. Mr. Lee is chairman and chief executive of Thomas H. Lee Capital LLC. His appointment increases the size of Warner Music’s board to 10 members.
United Airlines spends $500M to improve seats
CHICAGO — United Airlines plans to invest more than $500 million to improve seating on its planes and to create the same look and feel across its fleet. United and Continental merged last year, and this is just one part of the two companies’ integration.
The airline will be adding flat-bed seats to first- and business-class cabins on long-haul aircraft, increasing overhead bin space on some jets and adding Wi-Fi to other planes.
Former Continental planes will get Economy Plus seating - a coach section with more legroom - and Channel 9, which allows passengers to listen to air traffic control conversations with pilots.
The airline says 38 planes will have undergone the change by the end of the year and nearly 100 more will be completed by the end of March. Economy Plus seating will be added this fall to 29 Bombardier Q400 regional aircraft operated under the United Express banner. The turboprops fly principally out of Houston, Chicago, Newark, N.J., and Washington, D.C.
Beginning in March, the airline will nearly double the size of the overhead bins on all 152 of the Airbus A319 and A320 aircraft flown by the old United. This will allow for 40 extra bags on the planes.
In September, United will begin installing flat-bed seats and on-demand audio and video in the premium cabins of 12 Continental 767-400s and 14 United 767-300s.
As previously announced, the airline has contracted with in-flight entertainment provider LiveTV to install Wi-Fi using Ka-band satellite technology on more than 200 Boeing 737 and 757 aircraft equipped with DirecTV. LiveTV is a subsidiary of JetBlue Airways Corp.
From wire dispatches and staff reports