Warner Music Group Corp. announced the election of Val Blavatnik to the company?s Board of Directors, as well as his appointment to its Executive Committee. He replaces Alex Blavatnik, who has served as a director of WMG since July 2011, when Access Industries completed its acquisition of the company.

Since 2021, Val Blavatnik has served on the investment team at LionTree, focused on the media and technology industries. Since 2020, he has also been a production executive at Eden Productions, a TV and film production company founded by Richard Plepler. In addition, he is a member of the Executive Committee at Access Industries.

From 2016 to 2019, Blavatnik worked in the music industry, primarily as an artist manager. Since its founding in 2020, Blavatnik has served on the Board of Directors of the Warner Music Group/Blavatnik Family Foundation Social Justice Fund, that supports organizations working in historically underserved and marginalized communities. Blavatnik graduated cum laude with a BA in Cinematic Arts from the University of Southern California.

He is the son of Access Industries Founder & Chairman, Sir Leonard Blavatnik. Also effective as of April 27, 2023, the Nominating and Corporate Governance Committee recommended certain committee changes, which the Board adopted. Michael Lynton was appointed to serve on the Finance Committee, replacing Alex Blavatnik.

The Board determined not to replace Alex Blavatnik on the Compensation Committee, which will result in the Compensation Committee being comprised of a majority of independent directors. Valentin Blavatnik was appointed to serve on the Executive Committee.