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UMG Publishing CEO David Renzer resigns

DavidRenzer.jpgAnother major name is exiting  Universal Music Group as The New York Times reports that UMG Publishing  Chairman/CEO  David Renzer announced his departure in a memo to staff members on  tuesday. He gave no specific reason other than that he was interested in ‘devoting more time to the nonprofit, charity and philanthropic areas I have long valued, as well as some potentially exciting entrepreneurial options.’  Zach Horowitz, Universal’s President/COO will run the publishing division until a replacement is named.”

Renzer’s exit follows those of longtime UMG CEO/Chairman  Doug Morris, who exited in  march to become CEO at  Sony Music, and Island Def Jam  Chairman  Antonio “L.A.”  Reid, who  resigned to be a judge in  Simon Cowell’s upcoming singing competition, “The X Factor.”