MUMBAI: Charles Allen, the former chief executive of ITV, has been appointed non-executive chairman of EMI Music, the company behind Katy Perry and Coldplay.
Allen was appointed by Guy Hands, whose Terra Firma private equity group bought the ailing music company in a highly leveraged ?4bn deal just before credit markets turned. Citigroup financed the buy-out.
The post adds to an already chunky portfolio of non-executive roles including those at Virgin Media and Endemol, the Big Brother producer. Allen is also a senior adviser to the private equity arm of Goldman Sachs.
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In 2007, he became the chairman of Global Radio, which is now the UK’s largest commercial radio group following the acquisition of Chrysalis and GCap Media.
