CMG’s Barnett Retiring; Vaughn, Jubelirer Upped
• Capitol Music Group (CMG) Chairman & CEO Steve Barnett will retire on December 31, 2020, capping an illustrious 50-year career in the music business, including eight years at the helm of CMG, which he rebuilt into an industry powerhouse.
Barnett (left) announced his long-planned decision to the full company Thursday morning, in conjunction with Universal Group Chairman & CEO Sir Lucian Grainge. The two also jointly announced the promotion of Jeff Vaughn and Michelle Jubelirer to serve as CMG’s next leaders — Vaughn (center), currently President of Capitol Records, will become CMG Chairman & CEO, and current CMG COO Jubelirer (right) will serve as CMG’s President & COO.
Barnett said, “This has been an incredible journey, and I’ve been tremendously fortunate to work with such amazing people along the way. I am indebted to Lucian for his unwavering belief in me and for his unreserved support for our efforts these entire eight years. To say that I will always be grateful to him is truly an understatement. Michelle was the first to join me at CMG and has been my partner in revitalizing the company and creating an environment where artists and our employees could thrive. From the moment Jeff joined us, I knew he’d quickly make his mark on Capitol, and I’m certain that he and Michelle are the perfect team to guide CMG into the future. My appreciation extends to Boyd Muir and my many friends at UMG who have been there for me and my team these past eight years. I thank you all.”
Grainge remarked, “When we acquired EMI, Capitol was a gem that had lost its luster. Under Steve’s leadership, Capitol has been rebuilt into one of music’s greatest homes for artist and employee talent. It’s a fitting crown to Steve’s incredible five-decade career. To assure that Capitol’s next chapter is equally successful, we have appointed two gifted executives to lead the company. On behalf of the entire UMG family, I congratulate Jeff and Michelle on their well-deserved promotions and I especially want to thank Steve for making Capitol shine bright once again and wishing him a wonderful retirement with Nancy and the children.” [Barnett & Vaughn photos: Lester Cohen; Jubelirer photo: Michael Fulton]
