According to Hits Daily Double, intenational music group Sanctuary — who represent some of the world's leading heavy metal/hard rock artists, including IRON MAIDEN, GUNS N' ROSES, SLAYER and SLIPKNOT — has reorganized its management team, rewarding Merck Mercuriadis for growing the American business to 50 percent of global revenues by naming him Group CEO.
In his new post, current Sanctuary U.S. CEO Mercuriadis will direct and manage the creative strategy of the Group across its businesses on a global basis. Merck has worked for Sanctuary for 18 years. He relocated from London to New York four years ago to build the North American business and will remain based in the U.S.
Commented Merck: "The music business has been transformed over the last five years with the emphasis for its future now fully on the artist. Sanctuary has been at the forefront of these dramatic changes ensuring that our artists and our initiatives in every aspect of this business are well positioned for long-term success.
"I have a deep belief in Sanctuary and commitment to our artists and what we stand for and I am honored to be appointed Sanctuary Group CEO. I would like to thank the board for their confidence but particularly Rod [Smallwood, Sanctuary co-founder] and Andy [Taylor, Sanctuary Group Chairman] for their support and paving my way over the last 18 years."