Concord has announced a management transition, with President Bob Valentine becoming the company’s CEO effective July 1. Concord CEO Scott Pascucci and Chief Label Officer Tom Whalley will step down from their positions on June 30.
Pascucci will remain a member of Concord’s Board of Directors and both Pascucci and Whalley will be inaugural members of a newly-formed Concord Advisory Board along with Jake Wisely, Concord’s former Chief Publishing Officer. Whalley will also continue his day-to-day involvement in Loma Vista Recordings, his label joint-venture with Concord.
Valentine joined Norman Lear’s Act III Communications in 1999 when it acquired Concord Records. In 2001, he left Act III to join Fox Entertainment’s television business development group, focusing on corporate M&A and business development initiatives at Fox and its parent company News Corp. In 2005, Valentine returned to Concord to fulfill the role of CFO and served in that capacity until 2021, when he was named President. He started his career as a Financial Analyst in Morgan Stanley’s Investment Banking division, and received his M.B.A. from UCLA’s Anderson School of Management and his undergraduate degree from the University of Notre Dame.
“The Concord Executive Team of 2023 is the most experienced in the company’s history, with the deepest bench of future leaders, making the 10th anniversary of our commitment to the company the ideal time for this leadership transition,” says Concord Vice Chairman Alex Thomson. “Bob Valentine is an inventive and resourceful executive, uniquely qualified to both embrace the company’s legacy and navigate its vast future potential as the next Chief Executive of Concord.”
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