Canada-based music publishing, music production and global rights management company ole has appointed entertainment industry veteran Helen Murphy to succeed Robert Ott as its Chief Executive Officer.
Ott will continue to serve as an advisor to Ms. Murphy and the ole Board of Directors.
Murphy is the founder and President of International Media Services, Inc, which provides strategic and financial advisory services to clients in the global media and entertainment industries.
Prior to founding IMS in 2004, Murphy was Executive Vice President and Chief Financial Officer for Warner Music Group.
At Warner Music Group, Murphy was responsible for the finance, human resources, business development, information technology and real estate functions.
In 2012, she was the lead external negotiator for Sony Corporation and Mubadala Development Company to acquire The EMI Music Publishing catalog for $1 billion and to negotiate a long-term administration deal for the Sony/ATV Catalog with Mubadala.
Murphy was also CFO for Martha Stewart Living Omnimedia and led the initial public offering of the company. In the 1990’s, she held a series of senior financial positions, including CFO at PolyGram Music Group (now Universal Music Group).
“I am passionate about music and very excited that the music industry has returned to growth around the world.”
Murphy said: “I am passionate about music and very excited that the music industry has returned to growth around the world.
“Given the ever-increasing ways people have to consume music, I believe we have an incredible opportunity at ole to continue to create value for our songwriters, our artists and our global production music and intellectual property business partners.
“I look forward to working with the team at ole and with its founding partner, the Ontario Teachers’ Pension Plan (Ontario Teachers’).”
“It has been a privilege and honor to found ole and grow the company to its present position as a global player.”
Ott added: “It has been a privilege and honor to found ole and grow the company to its present position as a global player.
“I’ve had the opportunity to work with many incredible people over the years and have learned so much from them. I’m thankful to Ontario Teachers for their belief in a dream and wish Helen Murphy and ole every success in the future.”
Ontario Teachers’ Senior Managing Director, Capital Markets, Gillian Brown said: “We believe that Helen’s track-record, industry knowledge, creative relationships and passion for excellence make her the right person to lead the next phase of ole’s growth and development in this exciting time for the company and for the industry.
“We thank Robert for the contribution he has made to ole during his tenure. His decision to stay on as an advisor to Helen and the Board will ensure a smooth transition and we wish him all the best in his future endeavors.”Music Business Worldwide