Universal Music Publishing Group chairman and chief executive David Renzer has announced that he is stepping down in order to devote “more time to the nonprofit, charity and philanthropic areas I have long valued, as well as some potentially exciting entrepreneurial options”. A permanent replacement has not been named, but for now president and COO Zach Horowitz will be running Universal’s publishing division. No further details have been supplied, although US media are making a link between Renzer’s departure and the appointment of Lucian Grainge as chairman and chief executive of Universal Music Group earlier this year, which has been the spur for a wide-ranging reshuffle of senior executives across the group. Renzer is also a board member of ASCAP, NMPA and AIMP, although it remains to be seen whether he will also drop some or all of those roles. Source: New York Times
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