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The director of business and commercial affairs at EMI James Raddice is leaving his post at the end of this month
He is set to become the senior director of legal and business affairs at rival record label Polydor, which is owned by French company Vivendi Universal. The news comes in the wake of EMI's decision to restructure and abandon the EMI label, instead rebranding as Virgin and Capitol. The company has issued two profit warnings recently and is reported to have debts of £1.1bn. Raddice is joining Polydor after 10 years within the legal department at EMI, where he focused mainly on international acquisition-type work. EMI uses Russells Lee & Thompson and the Simpkins Partnership for litigation, while competition work goes the way of Clifford Chance and Mayer Brown Rowe & Maw. Raddice's role at Polydor will be similar to his role at EMI. His position at EMI will be taken at the beginning of March by John Cullan, presently a lawyer at Dean Marsh & Co. Cullan has no plans to change the UK panel of lawyers at EMI, nor to add his outgoing firm to the panel. Raddice replaces Paul Jones from Polydor, who has left to travel in Australia but remains a part-time consultant for Polydor.