Top Arista executive leaves record label
NEW YORK -- Antonio "L.A." Reid, who took the helm at Arista Records nearly four years ago and oversaw platinum successes from acts including OutKast, Pink and Avril Lavigne, has left the label, it was announced Tuesday. Reid became president and CEO of Arista in May 2000 after the company's founder and CEO, Clive Davis, left because of parent company BMG's mandatory retirement policy. Reid was not available to comment, according to an Arista spokeswoman. Rolf Schmidt-Holtz, chairman and CEO of BMG, called Reid "one of the music industry's top record men."