Warner Music Group Corp. (Nasdaq: WMG) has announced the appointment of Armin Zerza as its new Executive Vice President and Chief Financial Officer, effective May 5, 2025. Zerza brings with him extensive experience, having previously served as CFO of Activision Blizzard, where he played a crucial role in the company's acquisition by Microsoft.
During his time at Activision Blizzard, Zerza demonstrated a track record of delivering outstanding results through operational excellence, commercial innovation, and financial discipline. His leadership contributed to significant growth and value creation for the company.
The outgoing CFO, Bryan Castellani, will continue to serve until May 5, after which he will act as an advisor to ensure a smooth transition. Castellani has been praised for his invaluable contributions to WMG, with CEO Robert Kyncl acknowledging his role in positioning the company for sustained success.
Zerza's appointment has been well-received, with Kyncl expressing confidence in his ability to contribute to the long-term success of WMG. Similarly, Zerza has expressed his enthusiasm for joining WMG, highlighting the company's potential for innovation, growth, and long-term value creation.
Zerza's extensive experience spans across the entertainment, technology, and consumer goods industries, with over 30 years of global financial, commercial, and operational leadership experience. Prior to his role at Activision Blizzard, he held various senior leadership positions at Procter & Gamble, where he served in North America, Europe, and Latin America, including multiple CFO roles on multibillion-dollar businesses.
Zerza's appointment brings a wealth of expertise to WMG, positioning him to contribute to the company's continued success and evolution. His arrival is set to bolster WMG's long-term strategy and support its ambitious vision for the future. The market has reacted to these announcements by moving the company's shares 0.9% to a price of $29.29. For more information, read the company's full 8-K submission here.