Island Def Jam honcho Caparro exits
Jim Caparro, the man who helped build the Island Def Jam Music Group into the third-biggest record label in the U.S. through aggressive consolidation and savvy A&R, has decided to resign as chairman of the Universal Music division after three years on the job. Caparro, whose duties will be taken up by his longtime colleague, IDJ president Lyor Cohen, said the timing was perfect for his departure, with the label group at its peak performance and a strong cadre of execs to take up the reins. “People in this position normally leave because they get fired,” Caparro told Daily Variety.… Read more »
