Concord CFO Bob Valentine has been elevated to President of the company.
The position of CFO will be filled by current Concord Music Publishing CFO, Kent Hoskins. Both will assume their new responsibilities immediately and will report to Concord CEO Scott Pascucci.
In his new role, Valentine will continue to work closely with Pascucci to guide the company’s overall business strategy.
Valentine first began his association with Concord in 1999, when he worked as Vice President of Business Development for Norman Lear’s Act III Entertainment.
While working for Lear and his business partner, Hal Gaba, Valentine helped to negotiate the purchase of Concord Records, and subsequently served as liaison between Act III and Concord.
In 2001, Valentine departed to join the business development department of Fox Entertainment’s television division.
In 2005, he returned to Concord as CFO of the newly formed Concord Music Group, Inc., upon Concord’s acquisition of Fantasy Records, Inc. When Concord merged with another Act III investment, Village Roadshow Entertainment Group, in 2008, he subsequently served dual roles as CFO of Concord and SVP of Business Development for Village Roadshow. Upon Village Roadshow’s decision to divest of Concord in 2013, he helped manage its sale to Wood Creek Capital and stayed with the company and its new owner as its CFO and COO.
In 2015, Concord Music Group merged with another Wood Creek music company investment, Bicycle Music, to form Concord Bicycle Music, which was rebranded as Concord in 2019.
Valentine was named CFO of the overall combined group upon Concord’s merger with Bicycle.
During his career spanning nearly two decades at Concord and its predecessor entities, Valentine has helped to deploy over $1.5bn of equity and debt capital to acquire music and theatrical rights and was a key contributor in driving Concord’s growth from an $8m/year jazz record label to a $500m+ revenue global music company.
A New Zealander by birth, Hoskins qualified as a Chartered Accountant with PricewaterhouseCoopers. He joined Boosey & Hawkes Music Publishers as Group Financial Controller in 2001, working on both the public to private transaction, and the subsequent sale to the Dutch national pension fund backed Imagem in 2008.
Hoskins was made Imagem UK CFO and in 2015 promoted to the global board with the new position of Global Head of Finance.
In 2017, following the acquisition of Imagem by Concord, Hoskins was promoted to CFO of Concord Music Publishing. He has successfully completed a number of catalogue and company acquisitions, including Samuel French, Pulse Music Group and Sikorski.
“I’m extraordinarily proud and humbled by the growth and success of Concord, and even more thankful for the many, many people who have worked so hard to make Concord what it is today.”
Valentine said: “I’m extraordinarily proud and humbled by the growth and success of Concord, and even more thankful for the many, many people who have worked so hard to make Concord what it is today.
“Scott, our Board and I have developed an outstanding working partnership and I look forward to continuing our collective mission to make Concord the leading independent, worldwide leader in the music industry.”
“Bob has been a key contributor to Concord’s evolution and growth over the better part of twenty years.”
Pascucci added: “Bob has been a key contributor to Concord’s evolution and growth over the better part of twenty years.
“He takes great pride in the history and culture of the company and understands as well as any of us the work and dedication that our entire team has invested in the dramatic evolution of Concord.
Added Pascucci: “This is a well-deserved promotion in recognition of his invaluable contributions to the future vision of Concord.
“He will be replaced by Kent Hoskins, another extraordinary executive who has been serving as CFO of both Concord Music Publishing and Concord Theatricals.
“His transition to CFO of the entire company will be seamless and the entire Board looks forward to working even more closely with Kent in the coming years.”
“Having worked in the music industry for almost 20 years, I am honored and delighted to be taking up the Concord CFO role.”
Hoskins said: “Having worked in the music industry for almost 20 years, I am honored and delighted to be taking up the Concord CFO role.
“The team at Concord persistently delivers the creative passion and stewardship of their artists, writers and authors with an astute and highly successful growth strategy.
“I look forward to Concord continuing that success and thank Scott Pascucci and Bob Valentine for their continued support.”Music Business Worldwide