Warner Music Group has appointed Armin Zerza as executive vice president and chief financial officer, effective May 5, reporting to CEO Robert Kyncl.
Zerza has extensive global financial, commercial and operational leadership experience, most recently serving as CFO of Activision Blizzard, while it was traded on the NASDAQ stock exchange.
At the same time, it was announced that current EVP & CFO Bryan Castellani will serve until May 5, and then act as advisor to ensure a smooth handover.
Zerza has three decades of experience across the entertainment, technology and consumer goods industries. During his time at Activision Blizzard, he served as CFO, chief commercial officer, and played a pivotal role in the company’s acquisition by Microsoft.
“At Activision Blizzard, Zerza played a crucial role in shaping and executing strategies that supported significant growth and value creation,” said a statement. “His proven track record in driving sustainable financial performance, along with deep expertise in managing complex global operations, positions him perfectly to contribute to continued success at WMG.”
Robert Kyncl said: “Armin arrives with 30 years of global experience and a track record of delivering outstanding results through operational excellence, commercial innovation, and financial discipline. He’ll help us evolve our long-term strategy and build WMG for the lasting benefit of our artists, songwriters, investors, employees and partners.
Armin will help us evolve our long-term strategy and build WMG for the lasting benefit of our artists, songwriters, investors, employees and partners
Robert Kyncl
He added: “I’d also like to thank Bryan for his invaluable contributions to WMG. He’s been a great partner and exemplary team player during many important moves, positioning the company for sustained success. All of us wish him the best in his next chapter.”
Zerza said, “I am thrilled to join WMG, a dynamic and innovative leader in the music industry. I believe the business has tremendous potential and look forward to working closely with Robert and the talented team at WMG to help deliver its ambitious vision for innovation, growth and long-term value creation.”
Bryan Castellani said “It’s been a rewarding experience to contribute to the ongoing evolution of this great company. There’s so much we achieved at a pivotal time for the industry. I thank Robert, the board of directors, and everyone at WMG, especially the global finance team.”
Zerza joined Activision Blizzard in August 2015 following more than 20 years of senior leadership experience at Procter & Gamble, serving in North America, Europe, and Latin America. He held a number of CFO roles across P&G, including at businesses such as its European Baby Care and Latin America divisions as well as the company’s global M&A team.
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