Warner Music Group CEO Lyor Cohen Stepping Down

Warner Music Group Chairman/CEO of Recorded Music Lyor Cohen is stepping down from his post effective September 30, the company has announced. Mr. Cohen began with the company in 2004.

In making the announcement, Cohen said, “To all the artists and employees who live and die for the music every day, and who personally sacrifice for the good of the creative process: ‘keep on keepin’ on’ in the tradition of a company that respects and honors the artistic community.”

Cohen first came to prominence in the mid-1980s as an artist manager at Rush Communications — where he worked extensively with Run-DMC, the Beastie Boys and others — and as President of Def Jam Records, a role he took in 1988.

Industry speculation has centered on , EMI’s chief executive, as a possible leader for Warner, and replacement for Cohen.