7digital gets a new CEO as Simon Cole steps down
Posted on: 25 mars 2019, by : Stuart Dredge

B2B digital-music firm 7digital is to get a new leader, after CEO Simon Cole announced plans to step down. His replacement will be John Aalbers, the former boss of Arts Alliance Media.
Aalbers will replace Cole on 1 April, and will also join 7digital’s board. Cole said that today’s news is a planned transition, albeit one that was delayed due to the recent process of negotiating a €4m settlement with German retailer MediaMarktSaturn, related to its Juke music service.
“This transition was planned last year when we felt that 2018 would mark the successful growth into profitability after four years. In the end, the events surrounding MediaMarktSaturn’s sudden strategic changes in December had a profound effect on the company and I felt I could not leave until that position was resolved and satisfactory settlement had been achieved,” said Cole in a statement today. “Now that has been done, I leave 7digital in good shape and in good hands.”
The post 7digital gets a new CEO as Simon Cole steps down appeared first on Music Ally.
Source: Music ally

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