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by: The Comet Staff
08
August
2011
Cary Sherman Named RIAA Chief as Mitch Bainwol Departs
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Cary Sherman has been named RIAA chairman & CEO, effective September 1, 2011. He succeeds Mitch Bainwol, who has resigned his post to become CEO of the Alliance of Automobile Manufacturers. In addition, Mitch Glazier has been elevated to senior executive vice president.

Cary Sherman has served as RIAA president since 2001, after joining the organization as general counsel in 1997.

Mitch Glazier has spent the last 11 years at RIAA in charge of the organization’s government relations activities and will continue to lead the RIAA’s activities on Capitol Hill in his new post.

“I’m honored to take on this role at such a pivotal moment for music,” said Sherman in a statement. “The industry is now reaching a new stage, with exciting initiatives, compelling legal music offerings, and real signs of progress on a host of fronts…The RIAA plays an important role in helping shape public policy in connection with America’s music.”

Mitch Bainwol, who joined the RIAA eight years ago, stated: “...The internet is the foundation of a new music economy. We’ve helped to create an environment where new business models can thrive—with an extensive number of licensed services that allow consumers to experience and consume music in exciting new ways. We’ve also made significant headway in the battle against unauthorized sites such as LimeWire. We’ve entered into a new age of partnership with ISPs.  And we’ve established rates and precedents that will ensure greater compensation for recording artists and record companies…” 



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