Martijn Tel has been appointed as the brand new Chief Monetary Officer of US efficiency rights group, BMI.
Tel studies to President & CEO Mike O’Neill and shall be a member of the Firm’s government management workforce. Tel shall be based mostly in BMI’s New York workplace.
He succeeds former BMI CFO Bruce Esworthy, who introduced his retirement in March and formally left on the finish of June.
BMI famous on Wednesday (September 4) that Tel has intensive expertise in senior monetary positions at each private and non-private firms.
Most just lately, he was the Chief Monetary Officer of Gerson Lehrman Group [GLG], a world knowledge and knowledge providers supplier backed by the personal fairness agency SFW Capital Companions.
Based on BMI, whereas at GLG, “he led a “finance transformation that enabled the management workforce to higher perceive efficiency throughout completely different companies, areas, and shoppers”.
The “finance transformation” he led additionally featured “enhanced automation and upgraded techniques, together with the implementation of an enterprise knowledge administration system”.
Tel beforehand held CFO and working positions at a number of firms within the info providers trade and, in keeping with BMI, has labored with a number of personal fairness sponsors.
A local of the Netherlands, he has two finance levels from Vrije Universiteit in Amsterdam.
In his new place, Tel joins two different just lately named senior executives on the BMI management workforce whose appointments had been introduced in July, Chief Know-how Officer Tom Kershaw and Chief Transformation Officer Justin Rohde.
BMI stated that every one three execs “shall be integral” as the corporate continues to implement its “strategic development plan by enhancing the help it supplies to creators and looking for new sources of income for them”.
BMI collects blanket license charges from companies that use music, for a repertoire of greater than 22 million musical works. The corporate switched to a for-profit enterprise mannequin in 2022.
The PRO just lately accomplished its sale to a shareholder group led by New Mountain Capital, which resulted in vital payouts to BMI’s earlier shareholders, which consisted of quite a lot of US broadcasters.
“Martijn’s wealth of expertise, notably working with firms with bold development plans, makes him an ideal match for BMI now.”
Mike O’Neill, BMI
“Martijn’s wealth of expertise, notably working with firms with bold development plans, makes him an ideal match for BMI now,” stated O’Neill.
“I sit up for working with him and our workforce as we proceed to implement strategic initiatives designed to meet BMI’s mission to develop the worth of music for our creators and copyright homeowners.”Music Enterprise Worldwide
