As my other obligations are beginning to take an inordinate amount of time, I have asked to step down as WMG's board chairman, effective January 31, 2012. However, I will remain a director of the company and in that way, continue my association with Warner Music and its extraordinary people.

The first step in this diversification was the widely criticized sale of Seagram's stake in DuPont. The investment group which has owned the company since 2004 was said to have received a positive return on its investment. He produced the unsuccessful film The Border which starred Jack Nicholson.

(born May 16 1955) is an American businessman who served as CEO of Warner Music Group 2004 to 2011 and as Chairman from 2011 to 2012. Edgar Miles Bronfman Jr. In May 2011 the sale of WMG was announced; Bronfman would continue as CEO in the transaction.