Merck Mercuriadis has stepped down from his role as chief executive of Hipgnosis Song Management to assume the role of chair at the firm.
In a statement today (2 February), the investment adviser to London-listed Hipgnosis Songs Fund (SONG) said Ben Katovsky, currently HSM's president and chief operating officer, will replace Mercuriadis as CEO. HSM said it had requested the board of SONG to approve the planned transition "as a matter of prudence". As chair, Mercuriadis will continue to "devote the majority of his time" to HSM, the firm said, which will involve leading engagement with songwriters, artists and the music industry, and generate opportunities to increase consumption and enhance the value of its portfolio. ...
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