Tag: African-American CEOS

Derek Jeter Becomes 1st Black CEO of Major League Baseball Team, the Miami Marlins

Derek Jeter (photo via tvone.tv)

via tvone.tv

Former New York Yankee Derek Jeter has officially become the first African-American CEO of a Major League Baseball team. The 43-year-old, is also part owner of the Miami Marlins, joining only one other African-American in that specific role (Magic Johnson‘s Los Angeles Dodgers).

And if you wonder where the five-time World Series champion stands on athletes kneeling during the national anthem, he’s totally on board, telling the New York Daily News,Everyone should be fine with that. They’re focused so much on the fact that they are kneeling as opposed to what they’re kneeling for. Peaceful protests are fine. You have your right to voice your opinion. As long as it’s a peaceful protest, everyone should be fine with that.”

Source: Derek Jeter Becomes First Black CEO Of Major League Baseball Team, Is ‘Okay’ With Players Kneeling

Jon Platt Named CEO of Warner/Chappell Music

Jon Platt 2015
Jon Platt speaks onstage at the 2015 SESAC Pop Music Awards at New York Public Library on May 4, 2015 in New York City. (Johnny Nunez/Getty Images for SESAC) 

Jon Platt will lead Warner/Chappell Music going forward.  As part of a transition plan, Platt, who joined Warner/Chappell in 2012, will be promoted to the company’s CEO on Nov. 1 from his current position as president, North America. Subsequently, in May 2016 (most likely when Cameron Strang’s contract ends), Cameron Strang, currently chairman & CEO, will step down to devote his full focus to serving as chairman & CEO of Warner Bros. Records.

Platt is known for being a doubled-edged sword, having great creative skills combined with top-notch leadership. On the creative side, he has helped attract such artists and songwriters as Jay Z, BeyoncéVance Joy and Echosmith to Warner/Chappell.

“Jon has a deep understanding of the creative process, an outstanding devotion to songs and songwriters, and an innate ability to nurture the next generation of talented publishing executives,” Warner Music Group CEO Steve Cooper said in a statement. “His combination of artistic sensibility and commercial savvy is very rare, and is clearly why so many of the world’s greatest songwriters want him as their partner and champion.” Cooper added that Platt will enhance Warner/Chappell’s “position” as the best home for songwiters.

Over the last five years, Warner/Chappell’s revenues have steadily declined, from $582 million for the year ended Sept. 30, 2009 to $503 million for the year ended Sept. 30, 2013, before rebounding last year to $517 million. In the first nine months of this year, Warner/Chappell revenue stands at $359 million, down from $387 million, or 7.2 percent.

Platt’s ability to attract top flight songwriters should help boost the company’s bottom line. Over the last several years, Warner/Chappell has added such songwriters as Pharrell Williams’ pre-2010 repertoire, Taio Cruz, Aloe Blacc, Sean Douglas, Belly, Mano, Julia Michaels, Steve Kipner, Nico & Vinz, Slash, Dave Mustaine, Mike WiLL Made It, Lady Antebellum, Liz Rose, and Lee Miller, as well as the Roc Nation publishing catalog.

“Ever since Jon came on board in 2012, he has played a pivotal role in our success story, making enormous contributions to the company’s rapid development,” Strang said in a statement.”Warner/Chappell is now ready for the next phase of its ongoing evolution, and Jon is exactly the right executive for the job. He is a force of nature: a brilliant creative collaborator; a principled leader; and an inspiring mentor. He will be a terrific CEO, as he brings his dynamism and expertise to our songwriters, teams and business around the world.”

Cooper added that “with a smooth transition underway at Warner/Chappell, Cameron will lead our plan to build on [Warner Bros. Records] existing success, turbocharge its long-term growth and deepen our commitment to A&R and artist development.”

Prior to joining Warner/Chappell Platt, who received SESAC’s Visionary Award in May, spent 17 years at EMI Music Publishing, where he signed an early-career Jay Z, Kanye West, Usher, Drake, Ludacris, Mary Mary, Young Jeezy, Fabolousand Snoop Dogg, according to Warner/Chappell’s announcement.

“Warner/Chappell is an iconic music company with an incomparable roster of extraordinary songwriters,” Platt said in a statement. “Our mission is to develop, grow, reward and sustain a prosperous and healthy creative community — the community of songwriters who make it possible for music to have such a special place in all of our lives. My vision for Warner/Chappell is one of peerless commitment to the songwriter and unmatched advocacy for the value of music.  I see us leading the industry in our service not only to our songwriters, but also to the partners and fans that help make their livelihoods possible.”

article by Ed Christman via billboard.com

J.C. Penney Names Home Depot Executive Marvin Ellison as Its Next Chief

Screen Shot 2014-10-14 at 1.30.26 PMJ. C. Penney on Monday named a Home Depot executive, Marvin Ellison, as president and as its next chief executive, tapping a seasoned retail hand as it struggles to assure investors that a nascent turnaround after two years of heavy losses will be lasting.

Mr. Ellison, currently executive vice president for stores at Home Depot, will join Penney on Nov. 1 and will also be a board member, the company said. He will succeed Myron E. Ullman III as chief executive on Aug. 1, 2015, when Mr. Ullman will become executive chairman for one year — a carefully coordinated handover that appeared to stress stability and continuity after a rocky succession at the retailer last year.

Penney’s losses have slowed under Mr. Ullman. But Mr. Ellison, 49, is now charged with expanding the retailer’s business — a tough task in a market under siege by “fast fashion” juggernauts like H&M and Forever 21 and online retailers, as well as reinvigorated rivals like Macy’s and T.J. Maxx.

Mr. Ellison’s background suggests he will start with the fundamentals. An operations expert who oversaw Home Depot’s 2,200 stores in the United States, Mr. Ellison led a largely successful bid to cut costs and raise store productivity at Home Depot, analysts noted. Before his 12-year tenure there, Mr. Ellison served for 15 years in various positions at Target.

“Over the course of his career, he has proven his ability to produce results by improving operations, building customer loyalty, and motivating his teams,” Mr. Ullman said of Mr. Ellison in a news release. For his part, Mr. Ellison said that Penney was “moving in the right direction” and that as chief executive he would focus “on positioning the company to compete in a rapidly changing retail environment.”

Penney has been trying to chart a growth path by undoing many of the changes introduced by its former chief, Ron Johnson, who was hired from Apple to try to inject pizazz into the 112-year-old Penney. When his turnaround bid — built on a strategy that stressed designer boutiques and fewer discounts — backfired, and saddled Penney with heavy losses, the company abruptly fired Mr. Johnson and brought back Mr. Ullman, who had led the chain from 2004 to 2011.

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