Universal Music chairman and CEO Lucian Grainge has moved to reassure EMI staff that they won't see any painful disruption in the coming weeks - and encouraged them to celebrate the end of a decade of rumour and uncertainty.

Speaking after EMI CEO Roger Faxon informed employees that he will be stepping down next Friday, a bullish Grainge told Music Week how he plans to build EMI back to full strength.

"I've always refused to accept the declines in ...