Naughton, who is also CEO of UBM Connect, the division of UBMI that includes Music Week, Farmers Guardian and Travel Trade Gazette, takes up the new role in February. He will lead EMI's finance operations through its network of subsidiaries in 32 countries and will report to the company's CEO Elio Leoni-Sceti.
Leoni-Sceti says Naughton will be a valuable addition to EMI Music as it rolls out its global, consumer-focused strategy.
"Shane brings to EMI a strong background in supporting change management in multinational businesses," he adds. "His proven financial skills, together with his deep understanding of the media sector, will serve him well as we continue to transform the EMI business model."
Before joining UBM, Naughton spent seven years as deputy CFO and VP of investor relations at Sky Deutschland.
Meanwhile, former ITV group legal director Kyla Mullins is joining EMI on November 24 as general counsel. Both Mullins and Naughton will become members of EMI Music's Executive Committee.