SoundExchange announced today Michael Huppe will continue to serve as its President and CEO through 2018. Huppe will continue to be responsible for setting the strategic direction of SoundExchange, managing its day-to-day operations, and ensuring its long-term growth in service of the music industry.
Since taking the helm in 2011, Huppe has successfully guided the organization through a period of exponential growth and unprecedented industry change. Under his leadership, SoundExchange enhanced its core operations and technology platform; increased its advocacy initiatives on behalf of the creative community; expanded its international presence; and more.
The move comes as SoundExchange royalties are now having a significant impact on the digital music economy, with annual cumulative payments to recording artists and record labels reaching nearly $2 billion paid since inception. At the same time, the organization achieved a low administrative rate of 4.9 percent for 2012, and maintains over 100,000 recording artists and rights holder accounts.
“I wake up every day excited and honored to lead SoundExchange as we help shape the music industry’s future,” said Huppe. “I appreciate the board’s confidence in me, and look forward to working with them to continue to be a positive voice for both the organization and the recording artists and record labels we represent.”
“This is unequivocally a great stabilizing move for SoundExchange,” said SoundExchange Board Member and artist representative Jay Cooper, Shareholder at Greenberg Traurig. “Michael has shown us his ability to move SoundExchange forward and is the right leader, at the right time. He has the vision, the experience, and the creativity to take SoundExchange through the next five years and beyond.”
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