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MP3.Com Promotes COO To Presidential Post

The Internet’s premier Music Service Provider today announced that Derrick R. Oien, formerly the company’s chief operating officer, has been promoted to president of MP3.com (www.mp3.com). Oien, 34, will manage day-to-day operations and focus on company profitability while continuing to report directly to MP3.com’s chairman and chief executive officer, Robin Richards.

“In any great organization, performance and production are rewarded,” Richards said. “Derrick’s performance as chief operating officer has been stellar and it’s a given that he’ll be a shining star in his new capacity.”

Oien joined MP3.com in July 1999 and has served as vice president of operations and as chief operating officer for the web site that currently hosts more than 170,000 artists. Prior to MP3.com, Oien held positions with Sony Pictures Studios, Computer Sciences Corp. and Universal Music Group.

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