US efficiency rights org BMI, following its transition to a for-profit enterprise mannequin in 2022 and sale to New Mountain Capital and different buyers, has introduced two new additions to its management crew.
Tom Kershaw, a seasoned govt in web and cellular communications, is approaching board as BMI’s Chief Expertise Officer, whereas Justin Rohde, a veteran in strategic administration and progress, will probably be becoming a member of within the newly-created position of Chief Transformation Officer, BMI stated in an announcement on Monday (July 8).
Each will report back to Mike O’Neill, President & CEO of BMI.
As CTO, Kershaw will probably be taking on the position of Chief Info Officer Mike West, who not too long ago introduced his retirement from the corporate.
Kershaw beforehand co-founded prebid.org, an open-source software program group, and involves BMI most not too long ago from world journey retail platform Travelport. He has greater than 20 years of expertise in cellular app growth, promoting and advertising methods, and information science, working in expertise markets of various measurement and geographic complexity, BMI stated.
“Tom’s background and monitor document of driving digital transformation, coupled together with his ardour for innovation and expertise working with massive scale information, place him nicely to steer BMI’s important technological development and modernization,” O’Neill stated.
“These embrace our efforts to handle the alternatives and challenges of AI and create new avenues for associates and licensing companions to boost their BMI expertise by expertise.”
“Tom’s background and monitor document of driving digital transformation, coupled together with his ardour for innovation and expertise working with massive scale information, place him nicely to steer BMI’s important technological development and modernization.”
Mike O’Neill, BMI
Rohde, in the meantime, joins BMI from Xplor Applied sciences, a personal equity-owned world SaaS and funds conglomerate, the place he served as each Chief Income Officer and Chief Transformation Officer. Rohde was answerable for income progress, revenue enchancment and strategic initiatives throughout varied elements of the enterprise.
His earlier expertise consists of main product growth and progress methods at IntegraMed America and consulting on administration and technique at Bain & Firm.
BMI says Rohde brings with him “intensive expertise” in course of enchancment, gross sales effectiveness, product growth and world enterprise administration.
“Justin brings a wealth of expertise in driving enterprise progress by pairing strategic imaginative and prescient with sensible implementation,” O’Neill stated.
“He is not going to solely assist us improve our processes and applications, but additionally will lead our efforts to acquire new income sources for our associates. This is absolutely the proper time for our firm so as to add the place of Chief Transformation Officer, as we proceed to speed up our plan to maximise royalties and enhance the service we offer to our inventive group.”
“This is absolutely the proper time for our firm so as to add the place of Chief Transformation Officer, as we proceed to speed up our plan to maximise royalties and enhance the service we offer to our inventive group.”
Mike O’Neill, BMI
After some eight a long time as a not-for-profit entity, BMI – which collects blanket license charges from companies that use, for a repertoire of greater than 22 million musical works – switched to a for-profit enterprise mannequin in 2022.
The PRO not too long ago accomplished its sale to a shareholder group led by New Mountain Capital. That resulted in important payouts to BMI’s earlier shareholders, which consisted of quite a lot of US broadcasters.
In an effort to assuage considerations in regards to the change to a profit-based mannequin and sale to a personal fairness agency, BMI paid out USD $100 million to its associates, that’s, songwriters and publishers.
Now, the PRO is concentrated on enhancing profitability by improved exploitation of expertise and maximization of royalties.
“Tom and Justin have the expertise and management qualities to allow us to boost and improve the worth we offer to our songwriters, composers and publishers,” O’Neill stated.
“Working with our crew, they are going to be instrumental as we feature out the important thing parts of our strategic progress plan, to proceed to develop distributions, advance our expertise and customer support and to hunt new sources of income for our associates.”Music Enterprise Worldwide
