Steve Barnett Becomes Capitol Music’s New CEO
Capitol Music Group, who boasts clients such as pop star Katy Perry, 30 Seconds to Mars and veteran entertainer Ryan Adams, has hired on music executive Steve Barnett to become the company’s new CEO, as confirmed by The Chicago Tribune.
The move may be somewhat surprising given Barnett’s previous gig had him overseeing talents One Direction, Adele, Beyonce and more, but by the sounds of it Capitol will be a challenge for the chairman.
The news of Barnett’s new role was officially announced by Universal Music Group’s Lucian Grainge this past Monday in a statement. "As we begin to invest in and revitalize EMI globally, the Capitol Music Group, including Virgin, will play a central role in our creative and commercial initiatives."
"And there is no one better to spearhead this than Steve. His entrepreneurial approach and intuitive ability to build, strengthen and transform artists into powerful global brands has resulted in remarkable success. I'm confident that under his leadership, a new and reinvigorated Capitol will provide the kind of environment needed for artists to develop, resulting in more opportunity than ever before."
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