Warner Music Group Corp. (NASDAQ: WMG) announced that Carianne Marshall will step down as Co-Chair and Chief Operating Officer of Warner Chappell Music, a subsidiary of Warner Music Group, effective September 30, 2026.

Marshall will remain employed by Warner Chappell Music through January 8, 2027, during which time she will provide transition and advisory services as requested by the company.

Under a separation agreement dated September 22, 2026, Marshall will receive a severance payment equal to 18 months of her annual salary rate as in effect on January 8, 2027. She will also be eligible for an annual bonus for fiscal year 2026 per her existing employment agreement, a pro-rated annual bonus for fiscal year 2027, a lump sum payment of $116,000, and a one-time equity compensation award with a grant date value of $1,500,000.