Universal Music appoints Matt Ellis as new CFO

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May 12, 2025 12:33 PM EDT

FILE PHOTO: Universal Music Group logo is seen displayed in this illustration taken, May 3, 2022. REUTERS/Dado Ruvic/Illustration/File photo

(Reuters) - Universal Music Group, the world's biggest music label, said on Monday it has appointed Matt Ellis as its new chief financial officer.

Ellis, a former finance chief at Verizon Communications, will succeed Boyd Muir, who was made chief operating officer of UMG in October 2024.

The change will become effective on June 9, the company said.

(Reporting by Hugo Lhomedet; Editing by Susan Fenton)


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