EMI GROUP PLC
4 TENTERDEN STREET HANOVER SQUARE LONDON W1A 2AY
MICHAEL JACKSON STEPS DOWN AS DIRECTOR OF
EMI GROUP PLC DUE TO CONFLICT OF INTERESTS
LONDON, 8 MAY 2002 - In compliance with paragraph 16.7 of the Listing Rules,
EMI today announces that Michael Jackson resigned as a non-executive director
of EMI Group plc with effect from 7 May 2002 to avoid a potential conflict of
interests. This follows the acquisition by Vivendi Universal of USA Networks'
USA Entertainment division, where Jackson was president and CEO, the completion
of which was announced in the USA at 19:07 Eastern Standard Time on 7 May 2002.
Jackson joined the EMI board as a non-executive director in October 1999 when
he was chief executive of UK television broadcaster Channel 4. He was appointed
president and CEO of USA Entertainment last year. When the Vivendi Universal/
USA Networks agreement was announced in December 2001, Jackson and the rest of
the EMI board agreed that he should resign when the deal was completed and he
became chairman of Universal TV.
Eric Nicoli, chairman of EMI Group said: "I'm sorry that circumstances
necessitate Michael's early departure from the board. We will miss his wise
counsel and incisive thinking. I thank him for his contribution."
EMI expects to appoint a new non-executive director in the near future.
For further information contact:
Amanda Conroy, tel: 020 7667 3216
Siobhan Turner, tel: 020 7667 3234
EMI Group, London
Patrick Handley, tel: 020 7396 5395