The news was shared with staff via an internal note today (September 2)

The EVP of Corporate Development is the latest high profile exec to depart

The label just wrote down the e-tailer’s value by $70 million

Four longtime senior executives have been let go

The new role begins on August 11

Artists like ROSÉ, Teddy Swims and Bruno Mars led the charge

WMG integrates its indie distribution with its successful Latin division.

Brings to a close her four-year tenure as President