Afo Verde, who since 2009 has been serving as president, Latin Region, for Sony Music Entertainment, has been promoted to the post of Chairman and CEO for the Latin Region, Spain and Portugal. Verde, who had previously overseen the label's U.S. Latin operations as well as in Latin America, will now expand his purview to include Spain and Portugal, as is the case with Jesús López, chairman/CEO of Universal Music Latin America/Iberian Penninsula.