Nick Raphael, the co-president of Capitol Records U.K., has exited the company, sources confirmed to Billboard. No reason was given for the exec’s departure, which was said to be amicable, in news that was first reported by Record of the Day.
Raphael was named president of Capitol’s British outpost upon its launch in April 2013, when he moved from London Records to take over the newly-standalone frontline, shortly after Steve Barnett took the reins at Capitol Music Group. His exit comes weeks after Michelle Jubelirer was named the new chairman/CEO of CMG globally.
Co-president Jo Charrington will continue to lead the label as its sole president moving forward, sources tell Billboard. Charrington has a long history alongside Raphael, having moved from London Records to Capitol U.K. in 2013 as executive vp A&R before being promoted to co-president in 2017. The two initially worked together at Epic Records until 2011 when they left to re-invigorate London Records.
In the nine years since Capitol U.K.’s relaunch, Raphael and Charrington have seen success with 5 Seconds of Summer, Sam Smith and former One Direction member Liam Payne, among others.
