Dennis Petroskey To Leave Post as Vice President, Corporate Communications, BMG EntertainmentBMGENTERTAINMENT.COMDENNIS PETROSKEY TO LEAVE POST AS VICE PRESIDENT, CORPORATE COMMUNICATIONS, BMG ENTERTAINMENTNew York, NY, October 20, 1999 -- Dennis Petroskey announced his intention to leave his position as Vice President, Corporate Communications, BMG Entertainment, citing a desire to spend more time with his wife and young children.He
will continue to work for the company while a successor is found. Petroskey, who has been the chief communications strategist for BMG since joining the company in February 1995, said "a desire to actually live the quality of life I talk about all the time" has left him conflicted between his responsibilities to his family and BMG.
"Since extending my contract a few years ago, my life has changed dramatically," Petroskey
said."I've been commuting on planes each week to split time between my family in the Midwest and BMG in New York, but have found it increasingly difficult to rationalize my time away from home.
"I am proud of the role that I have played during the past four and a half years in helping to transform BMG's image to its present status as one of the hottest and most successful music companies in the world.I truly appreciate the understanding and support I have received from Michael Dornemann, Strauss Zelnick, Kevin Conroy and everyone in the BMG and Bertelsmann family."
Said Dornemann, BMG Entertainment
's Chairman: "Anyone with a young family can empathize with the decision Dennis
has been a valued member of our senior management team and has done a terrific job of communicating BMG's continuing success during the past few years.We wish him and his
family nothing but the best."
Zelnick added: "I've worked closely with Dennis
for the last 10 years and truly appreciate the sacrifices he's
made the past few years to continue giving BMG his
best work while meeting the needs of his
family.I completely respect the choice he's
making, and wish him and Anne and the girls every happiness in the years ahead." Petroskey joined BMG Entertainment in February 1995 with a diverse communications background.He worked at Fox Inc. from 1989 to 1995, serving as Vice President of Corporate Communications. Prior to joining Fox Inc., Petroskey worked at Winner/Wagner & Associates, a national public relations firm based in Los Angeles.
From 1985 to 1987, he
served as Communications Director for the Michigan Republican Party
, working with party Chairman Spencer Abraham, now a U.S. Senator. From 1981 to 1985, Petroskey served as a Press Secretary on Capitol Hill in Washington.Petroskey began his career as a newspaper reporter for the Falmouth (Mass.) Enterprise on Cape Cod from 1980 to 1981. Petroskey is a member of the National Association of Recording Arts & Sciences (NARAS); the Public Relations Seminar, an organization of high-level public relations executives; and The Wisemen, a New York-based public relations organization.He is also a co-founder of the Mayo Smith Society, a national charitable organization comprised of Detroit Tigers fans. BMG Entertainment
is the $4.6 billion worldwide music and entertainment division of Bertelsmann AG
, one of the world's leading media companies, with annual revenues of $16.4 billion.BMG
owns more than 200 record labels in 53 countries, including Arista Records, RCA Records and Ariola.BMG
has been a leader in using the Internet to bring fans closer to their favorite artists and recently established GetMusic
, a joint venture to market artists and sell their music online.BMG
also owns the world's largest music club, one of the world's largest music publishing companies, and one of the world's leading compact disc and cassette manufacturing companies.Bertelsmann's
North America interests also includes the Random House Inc.
book publishing group; and the Gruner + Jahr magazine publishing group, which includes McCall's, Parents, Family Circle and YM magazines
, among others.