BMG & Concord Tap Björn Bauer As Designated Chief Financial Officer Of Combined Company

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Björn Bauer. Photo: Marina Weigl

BMG and Concord have tapped Björn Bauer as Chief Financial Officer of the combined company, effective upon closing of the transaction.

Based in Nashville and reporting to designated CEO Bob Valentine, he will bring more than two decades of strategic leadership experience to the role and will oversee the business’s finance functions and assume responsibility for the M&A team.

Until the closing of the transaction, BMG’s current CFO, Mathis Wolter, will continue to oversee the finance function and support the integration efforts, before subsequently assuming new responsibilities within Bertelsmann. Concord’s current CFO, Kent Hoskins, will continue to serve in his role until the closing of the transaction, at which time it is anticipated that he will take on another senior leadership position for the combined company.

Bauer will join from entertainment company RTL Group, where he currently serves as Executive Director and member of the Executive Committee, and has been Chief Financial Officer since 2019.

“Björn brings a wealth of experience and a proven track record of delivering strong results through operational excellence and disciplined financial management,” shares Thomas Coesfeld, designated Chairman of the combined company. “We are delighted that he is expected to join the combined company following completion of the transaction and look forward to the impact he will have as we continue to strengthen and grow the business. At the same time, I would like to thank Mathis for playing an instrumental role in shaping BMG’s strategic transformation, and for being a trusted partner to me and the executive team over the past three years.”

“We are pleased that Björn is expected to join the combined company as CFO,” adds Valentine. “His deep financial expertise will be invaluable as the company continues to focus on sustainable growth and long-term value creation after the transaction closes.”

“As the global music industry evolves, the combination of BMG and Concord will be uniquely positioned to capture new opportunities through its talent focus, entrepreneurial spirit and global scale, supported by continued investments in catalogs and talent,” adds Bauer. “I am excited to join the combined company upon closing of the transaction, a pivotal moment in its growth journey. I look forward to partnering with the teams to drive the combined company’s next phase of growth and support its long-term strategic ambitions.”

Lauryn Sink
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