BREAKING: BMG & Concord Finalize Partnership, Name Leadership

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BMG and Concord have completed their partnership, creating a new global music company. The transaction, which was first announced in April, has received all required regulatory approvals, and the company’s global headquarters will be located in Nashville, with Berlin serving as its European headquarters.

Operating under the BMG name, the combined company brings together two businesses spanning music publishing, recorded music, theatrical rights, digital distribution and film & TV.

Bob Valentine, formerly CEO at Concord, now assumes the role of CEO of BMG, with Thomas Coesfeld serving as Chairman. Others on the Executive Management Team include Björn Bauer (Chief Financial Officer), Sebastian Hentzschel (Chief Operating Officer), Victor Zaraya (Chief Revenue Officer), Amanda Molter (General Counsel) and Kent Hoskins (Chief Transformation Officer).

Valentine says, “The new Executive Management Team brings together leaders with the experience, judgement, and focus we need to deliver on BMG’s ambitions. As we begin this next chapter, our priority is to build on the strengths of both businesses, creating a clear, focused organization that can move nimbly, invest with conviction, and deliver long-term value for the artists, songwriters, and playwrights we partner with and represent.”

BMG has also established an 18-member Strategic Leadership Council, comprising the six members of the Executive Management Team and 12 additional senior leaders from across the company.

Nashville’s Job Loba has been named head of Global Frontline Recordings, and Tom Becci as head of Global Recorded Operations. Other members of the Strategic Leadership Council include Alberto Chullen (Corporate Development & Investments), Sophia Dilley (Concord Originals), Sean Flahaven (Concord Theatricals), Celine Joshua (Global Marketing & Streaming), Nitsa Kalispera (Global Supply Chain Operations), Ruth Martinez (Human Resources), Kristal McKanders Dube (Corporate Communications), Alistair Norbury (Senior Creative Advisor to CEO Bob Valentine), Tom Scherer (Global Catalog Recordings) and Jim Selby (Global Music Publishing).

Valentine adds: “The Strategic Leadership Council gives us a broader group of leaders around the table, bringing together different areas of expertise and perspectives across BMG. It will help ensure we stay connected as a leadership team, sharpen our thinking, and maintain alignment as we translate our strategy into action across the business.”

LB Cantrell
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