Spirit Music Group has appointed Joe Borrino (pictured) as Chief Operating Officer/Chief Financial Officer.
Borrino will be responsible for overseeing all aspects of Spirit Music Group’s financial and operational activities worldwide and will be based out of the company’s New York headquarters.
During an 18-year tenure at Universal Music Group, Borrino held various roles including CFO of the Island/Def Jam Music Group during the height of the company’s success with such artists as Bon Jovi, The Killers, Justin Bieber, Kanye West, Fall Out Boy and Rihanna.
Borrino was then recruited by Chairman Jay Z to help launch Roc Nation, where he was an integral part of the management team building the company for six and half years as CFO.
He helped develop the Roc Nation Sports agency in partnership with CAA, which launched a successful boxing division that produced championship matches, and was a member of the development team that created the annual Made in America music festival.
In addition to his work at Roc Nation, Borrino was a board member for various artist management companies which included Nick Jonas, Demi Lovato, Calvin Harris, Thomas Rhett and Maroon 5.
Most recently, Borrino served as CFO of Avex International prior to joining Spirit, where he led the development of the company’s US presence as an extension of its successful entertainment conglomerate in Tokyo.
In January, Spirit Music Group executives Jon Singer and Ross Cameron formed Lyric Capital Group to take ownership of Spirit Music Group and secure a recapitalization of over $350 million.
Earlier this month Rak Sanghvi was promoted to Global President, Spirit Music Group.
Jon Singer, Spirit Music Group
Jon Singer, Chairman, Spirit Music Group, said: “I have known Joe for over twenty years dating back to our days at Island Records and I’m confident he is the right person to lead Spirit in this next and most exciting chapter.
“He is a true professional with a well-rounded background and a wealth of experience on both the label and publishing sides of the business.
“Joe’s experience speaks for itself and we are thrilled he chose Spirit as his new home for years to come.”
“I think Spirit Music Group is one of the most exciting companies in music right now.”
Borrino added: “I think Spirit Music Group is one of the most exciting companies in music right now.
“The recent recapitalization has empowered management to lay out an aggressive and innovative strategy to position Spirit Music Group as the preeminent music publishing powerhouse, and I look forward to working with Jon, Ross Cameron, and the world class team assembled to execute the vision.”
Photo credit: Andrew ZaehMusic Business Worldwide