Roadrunner Records Founder Exits Amid Restructuring
April 27, 2012
Roadrunner Records founder and CEO Cees Wessels is stepping down from the label, almost a year-and-a-half after its sale to Warner Music Group closed. According to Billboard.biz, roughly 36 staff members worldwide were let go yesterday as part of a restructuring of Roadrunner under WMG.
Billboard.biz adds that Roadrunner will use WMG for its back-office and other support capabilities, and will continue to operate as a stand-alone label in the States. However, 16 of yesterday's staff cuts were to Roadrunner's U.S. operations, with the rest happening overseas. Roadrunner Canada GM Rose Slanic has been confirmed as one of employees let go yesterday.
Wessels founded the famous Rock label in 1980 in the Netherlands. Warner Music had been a majority owner of the label for years, before taking over completely in 2010.