Hip hop music industry vet Kevin Liles is resigning from his Warner Music Group Executive VP gig.
On Tuesday, Liles sent a company memo announcing his resignation as chairman and CEO of Warner Music’s 300 Elektra Entertainment Chairman … passing the torch to seasoned vets Rayna Bass, Selim Bouab, and Gregg Nadel.
Liles has been with Warner since 2004, which formerly housed Diddy’s Bad Boy Records … and he’s been vocal defending the mounds of allegations against Puff.
Of course, the biggest music industry news of the day is the Diddy indictment … prosecutors are investigating any felonious “freak offs” — and everyone who knows something about them is understandably shook right about now!!!
We spoke to Kevin back in April — he told us he never knew the Diddy who got plastered in the media after all the allegations made in numerous lawsuits … and stuck by him.
Liles’ transition will happen at the end of the month, and sources close to the situation tell us his exit could directly be tied to a massive shakeup happening at Warner.
Several executives have stepped down, and Elliot Grainge, 10K Projects founder and son of Universal Music Group Chairman & CEO Lucian Grainge, has been introduced as the new CEO of Atlantic Music Group.
