Universal Music Group has named Matt Ellis as its new chief financial officer, effective June 9. Based in Santa Monica, he will be responsible for leading UMG’s global financial operations and will report to UMG chairman/ CEO Lucian Grainge.

Universal Music Group , the world's biggest music label, said on Monday it has appointed Matt Ellis as its new chief financial officer.

Ellis joins UMG from Verizon Communications, where he served as the telecom giant's executive vice president and CFO. He spent 10 years at Verizon and before then was the vice pre