The appointment takes effect upon completion of the merger

The deal that was rumored earlier this year is now coming to fruition

Plus moves at Only The Family (OTF), Universal Music Greater China, Warner Chappell Music and more

Reports suggest the US company could be valued at $7 billion

The exec will remain in his current role as CEO of BMG

The deal marks the label’s “single largest catalog acquisition to date”

But lists a record EBITDA margin