18 CEOs and Music Industry Execs Stand Down Within 24 Hours of Diddy’s Sex Trafficking Arrest
Sean 'Diddy' Combs' sex trafficking arrest has sent shockwaves throughout the music industry, with several high-profile executives potentially at risk as they brace for fallout
September 22, 2024
At least 18 CEOs, music industry executives, and politicians stood down within 24 hours of news breaking that Sean “Diddy” Combs had been arrested on charges including racketeering and sex trafficking involving minors.
Prominent industry names including Kevin Liles, the chairman and CEO of Warner’s Elektra Music, announced their sudden departures from executive roles without new roles on the horizon.
In the latest shakeup at Warner Music Group, Kevin Liles, chairman and CEO of Warner Music’s 300 Elektra Entertainment, will leave the company at the end of the year, according to memos obtained by Variety.
A veteran label and management executive, Liles joined Warner in 2022 after the company acquired 300, which he co-founded with former Warner recorded music chief Lyor Cohen, who was recently ousted as a “CIA asset” by an agency whistleblower.
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Under Liles stewardship, the company experienced significant success with Young Thug, Gunna, Megan Thee Stallion (who now has a separate deal with Warner) and others. His management clients over the years included Mariah Carey and D’Angelo.
On Friday, Meek Mill tweeted, “Why [are] all these CEOs stepping down?” In the comments, Twitter users replied with everything from “Bro, read the room!” to “The labels are restructuring.”
Liles is far from the only executive linked to Diddy to announce his sudden departure from the industry.
The move follows the impending departures of Max Lousada, the company’s longtime head of recorded music, and Atlantic Recording Group chairman Julie Greenwald, who has been in top roles at the company for some 20 years.
Julie Greenwald to Step Down as Atlantic Music Group Chairman in January
Warner Music CEO Robert Kyncl has enlisted 10K Projects founder Elliot Grainge to replace Greenwald, with the label chiefs reporting directly to him.
Although Kyncl says in his memo that Liles will not be replaced, 300 executives Rayna Bass and Selim Bouab will oversee the label; Liles will remain on board through the end of the year to assist with the transition.
A lot of big names in the music industry are stepping down from their CEO roles, including Sony Music Nashville’s Randy Goodman, and Warner Music Japan’s K Kaz Kobayashi.
Fine Arts president Eric Pryor also announced he is stepping down from his role, according to officials at the historic institution and college.
Rutgers University President Jonathan Holloway will also step down from his position, blaming a “toxic political environment” and the fact that he needs police protection.
“I didn’t sign up to have a police detail with me everywhere I go.”
Political figures connected to the VIP elite including Matha’s Vineyard general manager Robert Davis have also they are standing down from their roles with immediate effect.
Under pressure from Vineyard officials, Robert Davis announced Tuesday that he will be stepping down as the general manager of the Steamship Authority, a position he has served since 2017.
Davis choked up while thanking the Steamship Authority employees, officials, the public, and his family for their support during a Steamship board meeting at the Nantucket Public Safety Facility.
“This decision has not been easy for me,“ Davis said on Tuesday. “Serving as the general manager has been the honor of my career.”
Sean 'Diddy' Combs' arrest and jailing in connection with a federal sex trafficking case is sending shockwaves through music industry, with a number of high-profile executives potentially in the crosshairs amid potential backlash from the ongoing legal situation. The music mogul, 54, was pictured at the Met Gala in 2018 in NYC
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