Concord has promoted Hazel Malit to CFO of the company’s recorded music business. Malit, based in Concord’s Nashville office, will report to Concord CFO Bob Valentine, while working with Concord Chief Label Executive Tom Whalley and Chief Catalog Executive Sig Sigworth to manage day-to-day financial decisions for the labels.
Malit started her career at Concord in 2011 as a Royalty Accounting Manager. As the company grew, she began to focus solely on the Recorded Music side of its business and in recent years, Malit led the accounting integration process when Concord acquired labels including Wind Up, Razor & Tie and Victory Records.
In her new role, Malit will interface with Concord frontline and catalog label groups, joint-venture partners, KIDZ Bop recorded music and related touring business and shared service operational departments within Recorded Music to provide needed reporting, budgeting, forecasting and other insights. She will also assist with financial due diligence for potential strategic initiatives and, most importantly, ensure that all activities within the Recorded Music financial department are aligned with Concord’s overall goals, adhere to the company’s general accounting and operational policies and are consistent with its core values.
“I am thrilled to promote Hazel to this new role,” commented Valentine. “Ever since she joined Concord nine years ago, Hazel has repeatedly demonstrated her ability to provide the essential accounting and financial assistance that our creative and operational teams require to succeed. She is able to focus on the big picture, engenders trust with her coworkers and has built a world-class accounting team within the Recorded Music division. Her accomplishments throughout her time at Concord speak for themselves, and we are all happy to see her continue to advance her career here in this new vitally important position.”
“I would like to thank Bob Valentine for this opportunity,” said Malit. “I’m fortunate to work for a company who believes in their employees and encourages internal promotion. Also, I would like to thank my team for their continued support and dedication. As I take on this new role, I’m looking forward to working with Tom Whalley, Sig Sigworth, our label presidents and label services team in supporting Recorded Music Operations.”
“Hazel has become an integral part of the Recorded Music operations team over the last nine years,” said Whalley. “There is no better person to help lead the frontline and catalog labels in a continued pattern of growth,” continued Sigworth.
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