Microsoft Loses an Exec in Its Zune Business

With less than three weeks before Microsoft (MSFT) launches another salvo in digital music players, the marketing executive overseeing the company’s Zune device is headed for the exit.

Chris Stephenson, general manager of global marketing for Zune, is leaving the company to take a position at Universal Music Group, according to people familiar with the matter. One of these people said Mr. Stephenson will become chief marketing officer at Universal’s Interscope Geffen A&M Records after Labor Day, reporting to the label’s chairman Jimmy Iovine.

Reached by phone while on vacation, Mr. Stephenson confirmed his departure from Microsoft and his new job at Interscope, saying he’s looking forward to returning to the entertainment industry. A Microsoft spokeswoman didn’t have an immediate comment.

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