UNIVERSAL MUSIC GROUP N.V. ANNOUNCES RESIGNATION OF BILL ACKMAN FROM ITS BOARD OF DIRECTORS
Universal Music Group (UNVGY) announced that Bill Ackman has resigned from his position as Non-Executive Director on the company's Board of Directors, effective May 14, 2025. The resignation comes as a result of new executive and board obligations related to Ackman's recent investments. The Board expressed gratitude for Ackman's contributions to the company during his tenure.
Universal Music Group (UNVGY) ha annunciato che Bill Ackman si è dimesso dalla carica di Consigliere Non Esecutivo nel Consiglio di Amministrazione della società, con effetto dal 14 maggio 2025. Le dimissioni sono dovute a nuovi impegni esecutivi e nel consiglio legati agli investimenti recenti di Ackman. Il Consiglio ha espresso gratitudine per il contributo di Ackman all'azienda durante il suo mandato.
Universal Music Group (UNVGY) anunció que Bill Ackman ha renunciado a su puesto como Director No Ejecutivo en la Junta Directiva de la empresa, con efecto a partir del 14 de mayo de 2025. La renuncia se debe a nuevas responsabilidades ejecutivas y en la junta relacionadas con las recientes inversiones de Ackman. La Junta expresó su agradecimiento por las contribuciones de Ackman a la compañía durante su mandato.
Universal Music Group (UNVGY)는 Bill Ackman이 2025년 5월 14일부로 회사 이사회의 비상임 이사직에서 사임했다고 발표했습니다. 이번 사임은 Ackman의 최근 투자와 관련된 새로운 경영진 및 이사회 의무 때문입니다. 이사회는 그의 재임 기간 동안 회사에 기여한 점에 대해 감사를 표했습니다.
Universal Music Group (UNVGY) a annoncé que Bill Ackman a démissionné de son poste d'administrateur non exécutif au sein du conseil d'administration de la société, avec effet au 14 mai 2025. Cette démission fait suite à de nouvelles obligations exécutives et au sein du conseil liées aux récents investissements d'Ackman. Le conseil a exprimé sa gratitude pour les contributions d'Ackman à l'entreprise durant son mandat.
Universal Music Group (UNVGY) gab bekannt, dass Bill Ackman mit Wirkung zum 14. Mai 2025 von seiner Position als Nichtgeschäftsführender Direktor im Vorstand des Unternehmens zurückgetreten ist. Der Rücktritt erfolgt aufgrund neuer geschäftsführender und Vorstandspflichten im Zusammenhang mit Ackmans jüngsten Investitionen. Der Vorstand dankte Ackman für seine Beiträge zum Unternehmen während seiner Amtszeit.
- None.
- Loss of Bill Ackman's strategic expertise and market influence from the Board of Directors
HILVERSUM, Netherlands, May 14, 2025 /PRNewswire/ -- Universal Music Group N.V. (EURONEXT: UMG) announced that Non-Executive Director Bill Ackman has notified the company of his intention to resign from its Board of Directors effective today due to new executive and board obligations arising from his recent investments. The Board is very grateful for Mr. Ackman's contributions to the Company.
About Universal Music Group
At Universal Music Group, we exist to shape culture through the power of artistry. UMG is the world leader in music-based entertainment, with a broad array of businesses engaged in recorded music, music publishing, merchandising, and audiovisual content. Featuring the most comprehensive catalogue of recordings and songs across every musical genre, UMG identifies and develops artists and produces and distributes the most critically acclaimed and commercially successful music in the world. Committed to artistry, innovation, and entrepreneurship, UMG fosters the development of services, platforms, and business models in order to broaden artistic and commercial opportunities for our artists and create new experiences for fans. For more information, visit www.universalmusic.com.
Cautionary Notice
This press release is published by Universal Music Group N.V. and contains inside information within the meaning of article 7(1) of Regulation (EU) No 596/2014 (Market Abuse Regulation).
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SOURCE Universal Music Group N.V.
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