SoundExchange Board of Directors Extends Contract of President and CEO Michael Huppe
SoundExchange President and CEO Michael Huppe will continue to lead the company through 2021, the organization’s Board of Directors announced today.
Huppe took the helm at SoundExchange in 2011. Since that time, annual collections have increased by more than 150 percent and the company has successfully diversified its offerings to include administration of direct licenses and distribution of settlement monies for third parties. SoundExchange moved into music publisher administration with its acquisition of Canadian mechanical rights society CMRRA in May 2017. SoundExchange has distributed nearly $5 billion in digital performance royalties to artists and rights owners since it was formed.
“Mike’s vision and energy have driven SoundExchange through a remarkable period of growth and diversification, resulting in one of the most effective, efficient and transparent organizations in the industry today,” said Cary Sherman, chairman and CEO, Recording Industry Association of America (RIAA), and a member of the SoundExchange Board of Directors. “Mike has identified and executed on opportunities to redefine service and efficiency. Moreover, he has guided the expansion of our business beyond its initial core to include administration of direct licenses for sound recordings and brought the company into the music publisher services sector through the acquisition of CMRRA. He is a tireless advocate for musicians and the industry, and I’m thrilled he will be at SoundExchange’s helm for another term.”