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“To all the artists and employees who live and die for the music every day, and who personally sacrifice for the good of the creative process: ‘keep on keepin’ on’ in the tradition of a company that respects and honors the artistic community.” Lyor Cohen 

According to Billboard.biz, Cohen will be leaving on September 30th to move onto his next “big challenge.”

This is what WMG CEO, Stephen Cooper had to say  about Mr. Cohen:

“Lyor Cohen has built something very special here.  While we understand his desire to move on to his next challenge, the enduring success of our recorded music division will serve as a great testament to the progress we’ve made during Lyor’s time at WMG.  We are grateful for Lyor’s contributions, and we wish him the best.  I’m confident that given the strength of our talented management team in Recorded Music, we’ll be able to drive further success.”

Can’t wait to see what’s in in store.