BREAKING: FBMM Co-Founder Frank Bumstead Passes

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Frank Bumstead.

FBMM Co-Founder Frank Bumstead passed away on yesterday morning (July 20) in Nashville. He was 83.

Before his time at FBMM, Bumstead served as CEO at JMR Investments for 14 years and was a proprietor at Bumstead Company for a decade. Bumstead founded FBMM alongside Mary Ann McCready, the late Chuck Flood and John McCarthy in 1990. Under Bumstead’s leadership, FBMM was the first business management firm to provide services from a seasoned economist. In 1991, Bumstead negotiated and arranged the sale of CMT network to Opryland, and also led the merger of MusicRow Magazine with SouthComm in 2008.

Bumstead was heavily involved in the community. In 2018, Bumstead was honored with the Frances Preston Outstanding Music Industry Achievement Award by the T.J. Martell Foundation. He also was awarded Nashville Opera’s Francis Robinson Award in 2019 for significant contributions to the arts. CMA also recognized him in 2022 with the William Denny Award for a lifetime of dedication and distinguished service to the CMA Board of Directors.

He was also a board member of CMA, where he served as President in 2014 and Chairman in 2015, along with other leadership positions. He also served on the boards of the Armed Services Mutual Benefit Association, Blue Chair Bay® Rum, Brookdale Senior Living, Conway-Welch Family Foundation, Fishbowl Spirits, LLC, Junior Achievement of Nashville, Junior League Advisory Board, Nashville Wire Products, United Supermarkets of Texas and Watkins Institute.

Bumstead was a founding member of the Memorial Foundation’s Board of Trustees and chaired the Foundation’s Finance & Investments Committee for more than 20 years. He was also chairman for Overwatch Alliance and involved with the Armed Services Mutual Benefit Association.

“Frank was brilliant, passionate and a role model to all of us at FBMM,” says Jamie Cheek, Owner and CEO of FBMM. “His expertise in investments and finance was key to FBMM’s ‘edge’ over the years and why we called him our ‘secret weapon.’ Frank was one of a kind, and we will continue to honor the legacy he instilled of hard work and dedication.”

“Frank cared deeply about this industry and the people in it, whether you were a client or not,” adds Sarah Trahern, Country Music Association CEO. “I first met Frank during my interview for the CMA role in 2013, and I’ll never forget his sharp, thoughtful questions–or the unmistakable twinkle in his eyes. He helped lead several important initiatives that positioned CMA for long-term growth and stability. Although he left the Board in 2021, we remained in close touch over the years. My heart is with his wife, Ann, their sons, and all who knew and loved him. Frank was truly one of a kind.”

“Frank Bumstead has been a father figure to me for over 30 years,” shares Frank Thomas, National Baseball Hall of Famer. “Through the ups and downs, he was my anchor. There was nothing I couldn’t call and ask him, but he always kept me in line to do what was right. Some people you can’t replace in your life and that person is Frank Bumstead. I will miss him dearly. God bless the Bumstead family.”

“Although Frank was the primary architect of the [Memorial] Foundation’s sound and successful fiscal strategy, what was most important to him was that the Foundation’s funding supported local nonprofit organizations that helped make life better for others,” Board Chair Dr. David McKee says. Varina Buntin, the Foundation’s Board Vice Chair, shares “Frank’s wise counsel and passion for the Foundation’s mission since its inception has been invaluable, and he will be sorely missed.”

“I have a sincere appreciation for his guidance and leadership throughout the years of working together,” adds Mark Woodforde, International Tennis and Sport Hall of Famer. “He inspired me to grow both personally and professionally. I will miss his friendship and words of encouragement, and he will be deeply missed, but the heavens above have gained a true gentleman.”

“Frank Bumstead was a true patriot having served in combat as a Navy officer in Vietnam,” says Judge George C. Paine II. “He gave generously to veterans’ causes in time and treasure, whether personally or through advocating for them within the Memorial Foundation. Personally, I loved swapping “war stories” with him, and will greatly miss him, his wit, financial acumen and wisdom.”

FBMM will continue to be led by owners Julie Boos, David Boyer, Jamie Cheek, Duane Clark, Jen Conger, Dan Killian, Carmen Romano and Erica Rosa.

An informal visitation/celebration of Bumstead’s life will take place at Mount Olivet Funeral Home on Saturday, Aug. 9, from 12–2p.

In lieu of flowers, the family suggests the following organizations for memorials and tributes in honor of his life: Cumberland Heights, Second Harvest Food Bank of Middle Tennessee, Family and Children’s Service, and the Frank M. and Ann S. Bumstead Scholarship at Owen Graduate School of Management.

Madison Hahnen
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