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

Universal Music Group N.V. (EURONEXT:UMG), the world leader in music-based entertainment, today announced that highly regarded global finance executive Matt Ellis has been named as UMG's 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