Top EMI executive Chris Kennedy quits for easyJet

My Account
Logout

Create an Evening Standard Account

Use your social network

Save time by using your existing account to sign in to Evening Standard

We'll never share your information or post anything to your account without your permission

Welcome! Sign in here

Use your social network

Save time by using your existing account to sign in to Evening Standard

We'll never share your information or post anything to your account without your permission

Forgot your password ?

Registration

* indicates fields that are mandatory

Email *

Password *

Confirm Password *

First name *

Surname *

Postcode *

Country *

Mobile phone number

Username *

Gender *

Year of birth *

When you sign up...

You will have access to all our online competitions, discounted offers and can post comments on our site.

You will also receive The Weekender newsletter sent every Thursday - it’s full of fantastic offers and ideas for the weekend. You can update your email preferences in your account page when you log in.

Other newsletters and emails

Homes & Property Newsletter - Yes I want to receive the weekly email with all the latest news on property in the capital

Occasionally we would also like to send you relevant emails detailing specific offers either from ourselves or carefully selected partners. If you would prefer not to receive these then please tick the appropriate boxes below. We will never pass on your details.

I do not want to receive additional offers and information from the Evening Standard

I do not want to receive additional offers and information sent by Evening Standard on behalf of carefully selected partners

Terms and Conditions

* I have read, understood and agree to be bound by the terms and conditions of Evening Standard

Registration

Mail Sent for Registration Confirmation.

A confirmation email has been sent. Please activate your account by clicking on the activation link sent in your mail box.

Mr Kennedy, who has been at EMI since 1993, was one of the few top executives at the recorded music division who stayed on after private equity giant Terra Firma bought it in 2007.

It is understood that Terra Firma boss Guy Hands had a high opinion of Kennedy, who had a nine-year career in management consultancy and private equity before entering the music industry.

Mr Hands appointed Mr Kennedy as EMI's chief financial officer in April 2008 and the label promoted him again to chief investment officer and president of corporate development in May 2009.

Mr Kennedy sat on the executive committee of EMI Music as one of chief executive Elio Leoni-Sceti's three most senior lieutenants. Terra Firma has had problems with its £3.2 billion purchase of EMI and is embroiled in a legal battle with lender Citigroup.

EasyJet said it did not expect Mr Kennedy to join until the summer. The airline's boardroom has been a merry-go-round in recent months, as founder Sir Stelios Haji-Ioannou clashed with directors.

Chief executive Andrew Harrison will quit in June while Sir Michael Rake took over as chairman in January. Previous finance director Jeff Carr, who earned a basic salary £360,000, was poached last May by transport firm FirstGroup.