also became only the second K-pop act to hit #1 on Billboard's Artist 100 chart. On October 28, 2019, Lewis Capaldi's breakthrough ballad "Someone You Loved" rose to #1 on the Billboard Hot 100. The track by the 23-year-old Scottish singer-songwriter, released on Vertigo/Capitol Records, previously ruled multiple charts globally, including the Official UK Singles survey, for seven weeks beginning in March. Retirement From The Music Industry 2020 On November 5, 2020, Barnett announced that he would retire from his position as Chairman & CEO of Capitol Music Group on December 31, 2020, capping a 50-year career in the music business, including eight years at the helm of CMG. In a letter to the CMG staff, Barnett, 68, called the move “a long-planned decision,” one that he made in conjunction with his wife and children “through many hours of discussion and soul-searching.” In an email to CMG's staff, Universal Music Group Chairman Sir Lucian Grainge wrote, “Today Steve Barnett announced that after an incredible five-decade career in music, capped by nothing less than the revitalization of our iconic Capitol Music Group, he has decided to retire at the end of the year. When Capitol joined our family as part of the EMI acquisition, it was in desperate need of vision, passion and drive. Steve brought all of that and more to the Tower, and today, once again, Capitol stands as a symbol of creative and commercial success in music—a magnet both to great artists and great music business professionals." The Los Angeles Times marked the occasion of Barnett's retirement by acknowledging his "24-karat ears which helped propel the careers of artists including Beyoncé, Adele, Katy Perry, AC/DC, One Direction and Lil Baby, among dozens of others." The completion of Barnett's tenure at CMG marked the end of a career in which he successfully ran three separate U.S. record companies: CMG, Columbia Records and Epic Records. References External links Capitol Records NYpost.com Barnett named Chairman Columbia Records American music industry executives Universal Music Group 1952 births Living people