COMPANY:WARNER MUSIC GROUP

WMG lifts digital guru to strategy gig

Warner Music Group shares jumped more than most Monday, climbing 13% on news of a revamped digital strategy.

Shares closed at $6.39 after the company announced that Michael Nash, its digital guru since 2000, will become exec VP of digital strategy and business development.

In his new role, Nash will handle worldwide digital strategy, including key initiatives driving Internet and mobile commerce, and new music-based products and services.

Nash has helped build WMG's distribution footprint and partnerships with such companies as AT&T, Amazon, Google, Microsoft and Motorola.

SOURCE:VARIETY HEADLINE NEWS