Ellis replaces long-time UMG CFO Boyd Muir, who was appointed to be UMG's chief operating officer last October. U niversal Music Group appointed former Verizon and Tyson Foods executive Matt Ellis to be its new chief financial officer, starting June 9, according to a press release.

Universal Music Group has named Matt Ellis as its new chief financial officer, effective June 9. Based in Santa Monica, he will be responsible for leading UMG’s global financial operations and will report to UMG chairman/ CEO Lucian Grainge.

Universal Music Group , the world's biggest music label, said on Monday it has appointed Matt Ellis as its new chief financial officer.