Michael “Sha Money XL” Clervoix, former SVP of A&R for Island Def Jam, has been named EVP of Urban A&R for Epic Records, it was announced today. Sha Money will oversee artist development and certain aspects of their recording processes, as well as being tasked with further development of Epic’s urban roster.

In a statement, Epic chairman and CEO Antonio ‘L.A.’ Reid stressed his confidence in Sha Money, saying that “Sha Money has time and again proven to be a cultural leader and has my complete support in ushering in the next generation of hip-hop stars,” write LA Reid in a statement.

“As I embark on this new Epic journey,” remarked Sha Money, “I have a great vision for what the new record industry should be like, the music, the experience and lifestyle.”

In addition to his previous work at Island Def Jam (where he was responsible for 2 Chainz and Big K.R.I.T.), Sha Money has previously served as president of G Unit Records, following a long-established involvement with 50 Cent, acting as his manager and producer. [Billboard.biz]