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Downtown founder Justin Kalifowitz moves to Exec Chairman role, as Andrew Bergman becomes CEO
By Chris Cooke | Published on Thursday 19 August 2021
Downtown Music Holdings has announced an executive rejig that will see the company’s founder Justin Kalifowitz move from his current role of CEO to become Executive Chairman, with current COO Andrew Bergman becoming CEO. All this will happen on 1 Sep.
In the new role of Executive Chairman, Kalifowitz will, and I quote, “continue to focus on driving strategic development, leading Downtown’s board of directors and working together with Bergman and the executive team on transformational growth opportunities for the company”.
Says he: “Downtown has always set ambitious goals both internally and with respect to our role in driving equity and innovation across the music industry. As we continue to expand our market position by empowering entrepreneurial creators and their partners, Andrew’s unrivaled knowledge of the business coupled with his operational excellence make him the perfect choice as our next CEO”.
“With Andrew managing day-to-day operations for Downtown”, Kalifowitz adds, “I’m looking forward to continuing to work closely together in advancing the organisation’s strategic development at an accelerated pace”.
Meanwhile Bergman says: “I feel very fortunate to continue my fourteen year collaboration with Justin in my new role as CEO and I am excited about what we will accomplish together in Downtown’s next growth stage. With an exceptional team, global operations, industry leading technology and substantial capital resources, Downtown is well positioned to continue expanding our role as the leading service provider to the global music industry”.
Originally joining Downtown as General Counsel, Bergman has been the firm’s COO since 2014. In that role he has overseen the integration of the various businesses that Downtown has acquired over the years, purchases that have allowed the company to become a prolific service provider to the music industry around the world.
Earlier this year, Downtown sold its own songs catalogue to Concord to fully focus on is music services business, providing administration, distribution, marketing and creative services to independent creators and rights-owners.
