Universal Music Group, the world’s largest recording company, on Thursday said that Marinus Henny was named as vice chairman in a promotion from his current role as chief financial officer.
Henny joins Zach Horowitz, president and chief operating officer of Universal Music and Jorgen Larsen, chairman and chief executive officer of Universal Music International, in the company’s office of the chairman.
That group reports to Doug Morris, chairman and chief executive officer of Universal Music.
Universal Music is owned by Franco-American media group Vivendi Universal.
Henny joined Universal Music in April 2000 as executive vice president and chief financial officer. He will retain the chief financial officer position.
Previously, he served as executive vice president and chief financial officer of Sony Corp.’s Sony Corp of America, the U. S. parent company of Sony Electronics, Sony Music and Sony Pictures.
The move comes as the record industry faces an extended slump in sales and as Vivendi Universal weighs a possible sale of its U.S. entertainment assets.