Nègre Inks Long-Term Deal With Universal In France
Universal Music France president/CEO Pascal Nègre has extended his employment contract for nine years, effective retroactively from Jan. 1. In a statement, Nègre says, "It's no easy thing to make a commitment concerning the next nine years of your life. I have been able to make up my mind without hesitation
because all the necessary factors are united."
Universal Music International (UMI) chairman/CEO Jorgen Larsen, to whom Nègre reports, adds, "The unusual duration of this extension reflects the enormous faith that we have in Pascal's ability to increase the business for which he is responsible--even under the somewhat difficult conditions that our industry is temporarily experiencing."
Nègre joined PolyGram France in 1990 and was made CEO in 1998, after the Seagram acquisition. The 41-year-old executive is credited with maintaining Universal's status as France's leading record company, with market share reaching 35% for the first six months of 2002, the largest of any UMI subsidiary.
Universal Music International (UMI) chairman/CEO Jorgen Larsen, to whom Nègre reports, adds, "The unusual duration of this extension reflects the enormous faith that we have in Pascal's ability to increase the business for which he is responsible--even under the somewhat difficult conditions that our industry is temporarily experiencing."
Nègre joined PolyGram France in 1990 and was made CEO in 1998, after the Seagram acquisition. The 41-year-old executive is credited with maintaining Universal's status as France's leading record company, with market share reaching 35% for the first six months of 2002, the largest of any UMI subsidiary.
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