In a shocking announcement, Warner Music Group CEO and Chairman Lyor Cohen has announced his resignation from the position, effective the end of the month. Cohen had been installed in the position since March 2004.

Cohen’s ascent from Rush Communications employee to Def Jam president and Warner Music head honcho is well documented, including his work in pushing employees to win at the biggest margins, how to shake promoters for money to get the right cut thanks to Jam Master Jay and also overlook the careers and growth of artists such as Rick Ross, Curren$y and more. It’s unclear where Cohen is headed next after a successful stint at the helm of Warner following his rule at Island Def Jam.

Former EMI CEO Roger Faxon who left that position following Universal Music Group’s acquisition of EMI clearing has been long rumored to take over the position from Cohen who in thirty years in the business has amassed a lengthy resume the likes of which are a music executive’s dream.

[via Billboard]

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