WMG Announces Board Moves

• Warner Music Group Corp. announced the election of Nancy Dubuc, CEO of VICE Media Group to the company’s board of directors, as well as chairperson of the Audit Committee and a member of the Executive Committee. At the same time, Thomas H. Lee announced his intention to step down from WMG’s board of directors after more than 17 years of service. In 2004, Lee led the investor group which purchased the company from Time Warner. In light of his many contributions to Warner Music Group, Lee has been given the title of Director Emeritus.

Len Blavatnik, Founder & Chairman of Access Industries, said, “Nancy is an exceptional addition to the Board. Her experience in visual and digital media, combined with her knowledge of youth culture and the entertainment market, make her well suited to help guide WMG’s growth. I would also like to thank Tom for his many years of valuable service on the Board, and I’m pleased that we’ll be able to call on his expertise in the future.”

Prior to joining VICE in 2018, Dubuc served as President & CEO of A+E Networks. She also currently serves on the board of directors of Vice Media LLC and Flutter Entertainment PLC. “Music now lives in many different forms, across cultures, technologies, and media,” Dubuc said. “Warner’s dynamic, global approach to creativity and commerce, along with the powerful value proposition it offers artists and songwriters, make it a truly progressive and exciting company. I’m looking forward to working with everyone on the Board to help chart the years ahead.”

Lee commented, “Warner Music Group has undergone an extraordinary evolution over the past 17 years. It’s been gratifying to help the company drive its transformation and deliver unprecedented growth. I’m honored that Len and the Board have asked me to continue to serve the company for which I have such admiration.”