Lascelles, currently Chrysalis Music Group chief executive, will leave the organisation in April after 17 years at the company. He told Music Week that as soon as BMG Rights acquired Chrysalis for £107.4m in November, "it was pretty clear there wouldn't be a role for me so I don't have any hard feelings about it".

The executive added he was naturally "extremely sad" to be leaving a company he had spent 17 years at, but he said he took a ...