The Grammy-nominated artist has re-signed with the label after releasing an EP on Lava Records last year.
Though it's been a successful decade plus, the Brazilian star recently made headlines when she aired grievances with the label.
The departures come as Cindy Mabe officially began her role as UMG Nashville chairman/CEO on April 1.
Major releases by Morgan Wallen, SZA, Miley Cyrus and more helped shape the first three months of the market share rankings this year.
"Our future starts today," Mabe declares in email sent to the company's employees.
The latest episode of Billboard Explains delves into the role of record labels, how they make profit and how they're evolving in the age of social media.
"We need to make sure artists and their music are present where fans are and that means a lot of content both premium and casual," says Joseph Oerke.
The agreement takes the executive from an all-cash compensation package to one that combines cash and equity, including a one-time transition equity award worth $100 million.
CEO Robert Kyncl said the company would be “reallocating resources towards new skills for artist and songwriter development and new tech initiatives.”
The German-owned publisher and label reported its 2022 revenues rose nearly 31% to 866 million euros ($912.6 million).
