Jeff Castelaz

"Now into its seventh decade, Elektra Records has a unique spirit, cultivated by the elite group of creative mavericks who've run the label and the eclectic artists they've signed," Kallman and Greenwald said in a joint statement. "Building on the remarkable success since the label's re-launch in 2009, Jeff is the perfect choice to forge the next extraordinary chapter of Elektra's story.

Castelaz added, "I'm honored to step into the pilot's seat of this incredible label. I couldn't be more excited to uphold Elektra's legacy of long term development of vital artists-a principle that has been the touchstone of my entire career. I look forward to suiting up as the newest member of the crack Artist Development squad known as Atlantic Records Group."

Elektra founder Jac Holzman added, "Craig and Julie have given a kid from Milwaukee the opportunity of a lifetime-to shine the Elektra spotlight forward to another generation of music fans. Jeff's broad experience with indie recording and indie management has given him the perfect combination of energy, taste and a commitment to scout the edges and find those seminal artists, a bit ahead of their time, who are capable of making a significant contribution to those who embrace the best of new music."

Castelaz co-founded Dangerbird Records; home of Silversun Pickups, Fitz and the Tantrums, Minus The Bear and more; but left the label last month.