News•November 14, 2012 5:17 PM ET•2,339 views
Roadrunner Records president stepping down
Roadrunner Records president Jonas Nachsin has resigned, according to Billboard, who obtained the following memo from Nachsin to his staff:
"I am so proud of what we have accomplished to showcase Roadrunner as not only a 'record company' but as a lifestyle and cultural beacon for fans around the globe," Nachsin wrote. "The chemistry of groundbreaking artists worked by a world-class group of truly committed employees has made Roadrunner a name with no equal over the years. That will continue." He closed by thanking "the great team here much success as they move forward into a new chapter for Roadrunner."Senior management at Atlantic Records, which also operates under the Warner Music Group umbrella, subsequently issued the following statement:
"For two decades, Jonas has been a passionate champion of Roadrunner's incredible roster of artists and helped forge the unique identity of one of the world's great labels," the memo reads in part. "Everyone who has worked with Jonas -- including artists, managers, the Roadrunner team and the wider Warner Music family -- have all been touched by his commitment and leadership. He has been instrumental in the careers of so many extraordinary artists, from superstars including Nickelback and Slipknot to breaking talents Young the Giant and Stone Sour. We will all miss Jonas and wish him the best in his next endeavor."Billboard reports that they expect new leadership to be announced "within days."