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Shock founder steps down
By CMU Editorial | Published on Thursday 22 December 2011
David Williams, co-founder of Australian independent music company Shock Entertainment, is stepping down as CEO after 24 years. He will be replaced by Scot Crawford, currently the company’s Executive General Manager.
Originally founded in a Melbourne terrace house in 1988, Shock grew to be one of the most high profile names in the Aussie independent sector, though found itself facing financial problems two years ago resulting in the firm’s acquisition by CD manufacturer and distributor Regency Media in 2010.
Williams stayed with the company under its new ownership, but said yesterday that “after a successful couple of years of rebuilding the business it is the perfect time to hand the reins over to the next generation of music, TV and film enthusiasts”.
