Saturday, October 02, 2004

POWER FADES: Vince Power, the man who built the Mean Fiddler organisation up from a backstreet shebeen into a music business, uh, Powerhaus, is stepping down from the helm of the company. He's sold his GBP12million stake in the plc but will remain - for the time being - as a non-executive director in charge of the Festival arm of Mean Fiffler. Dean James, chief operating officer, will replace Power as Chief Executive. He's getting options worth GBP1.1million for his troubles; part of his strategy will be making the Fiddler's move into music downloads work.

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