LONDON, Oct. 15 (UPI) -- Music group EMI is expected to dismiss its top music executive after weak U.S. growth, the Financial Times reported Monday.
The departure of Ken Berry, 49, who runs EMI recorded music and is the group's highest paid executive, is intended to lift investor confidence in EMI.
Alain Levy, 54, who was Polygram's chief executive officer until 1998, is set to replace Berry, the newspaper reported.
The shake-up will also demonstrate that Eric Nicoli, executive chairman of EMI, is stamping his authority on the management of the company, which boasts acts ranging from The Rolling Stones to The Spice Girls, according to the paper.
Berry was charged with lifting the company's performance in the U.S., but the biggest EMI hit in America over the past year was The Beatles' 1, a collection of the group's number one hits.
