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.

Ellis joins the company from Verizon and succeeds Boyd Muir, who was appointed UMG's COO late last year. By Ethan Millman Music Editor Universal Music Group announced Monday that it has named Matt Ellis chief financial officer at the company, succeeding ...