Martijn Tel appointed as BMI CFO

Martijn Tel appointed as new treasurer of US Performing Rights Group, body mass index.

Tel reviews to President and Chief Govt Officer Mike O’Neill and will probably be a member of the corporate’s government management group. Cellphone traces will probably be positioned at BMI’s New York workplace.

He replaces former monetary officer of BMI Bruce Esworthy, He introduced his retirement in March and formally resigned on the finish of June.

BMI famous on Wednesday (September 4) that Tel has intensive expertise in senior monetary positions at private and non-private corporations.

Most just lately, he served as Chief Monetary Officer of the Gerson Lehrman Group [GLG]is a worldwide information and data companies supplier backed by personal fairness agency SFW Capital Companions.

Whereas at GLG, he led a “monetary transformation that enabled the management group to higher perceive efficiency throughout companies, geographies and shoppers,” based on BMI.

The “finance transformation” he led additionally included “enhanced automation and upgraded techniques, together with the implementation of an enterprise information administration system.”

In accordance with BMI, Tel beforehand held monetary chief and working positions at numerous corporations within the data companies business and labored with various personal fairness sponsors.

Born within the Netherlands, he holds two finance levels from Vrije Universiteit Amsterdam.

In his new function, Tel joins two different current senior government appointments to the BMI management group; Announced in July, Chief Expertise Officer Tom Kershaw and chief transformation officer Justin Lord.

BMI mentioned all three executives “will probably be integral” as the corporate continues to implement its “strategic development plans to strengthen help for creators and discover new income streams for them.”

BMI prices a blanket licensing payment to companies utilizing music whose tracks exceed 22 million Musical works. firm Shift to a for-profit business model 2022.

PRORecently complete sale To the shareholder group led by New Mountain Capital, amongst which result in Huge expenses Former shareholders of BMI embrace a number of US broadcasters.

“Martijn has intensive expertise, significantly working with corporations with bold development plans, which now makes him an ideal match for BMI.”

Mike O’Neill, BMI

“Martijn has intensive expertise, significantly working with corporations with bold development plans, which makes him an ideal match for BMI now,” mentioned O’Neill.

“I sit up for working with him and our group to proceed implementing strategic initiatives designed to ship on BMI’s mission of accelerating the worth of music for our creators and rights holders.”international music enterprise