Merck Mercuriadis replaced as chief of Hipgnosis Songs Management
It comes amid an increasingly intense relationship between HSM and the board of Hipgnosis Songs Fund (HSF).
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It comes amid an increasingly intense relationship between HSM and the board of Hipgnosis Songs Fund (HSF).
Merck Mercuriadis will become chairman of the music royalties fund manager
Mercuriadis will be replaced by chief operating officer Ben Katovsky, who said he hopes 'to work constructively' with the music rights fund to benefit shareholders.
Merck Mercuriadis has stepped down from his role as chief executive officer of Hipgnosis Song Management to assume the role of chair at the firm.
Merck Mercuriadis exits his CEO role at Hipgnosis Song Management to become chairman, with Ben Katovsky taking over the company at a turbulent time.