Concord Elevates Valentine To CEO

• Concord announced that CEO Scott Pascucci and Chief Label Officer Tom Whalley will step down from their positions on June 30, 2023. Bob Valentine (left), currently Concord’s President, will become CEO, effective July 1, 2023. Pascucci will remain a member of Concord’s Board of Directors and both Pascucci and Whalley will be inaugural members of a newly formed Concord Advisory Board along with Jake Wisely, Concord’s former Chief Publishing Officer. Whalley will also continue his day-to-day involvement in Loma Vista Recordings, his label joint-venture with Concord.

Pascucci commented, “In 10 years, we have built a company that matters in the music industry, a place that cares about its employees, artists and writers, and that is well-positioned for the future. I’m proud of all that we have accomplished. I look forward to continuing on the Board of Directors, to help guide the Company forward under Bob’s leadership, while also having more time to focus on my interests in film and social impact initiatives.” Pascucci continued, “I truly appreciate the unwavering support and guidance of Jon Rotolo, Steve Smith and Alex Thomson, and the exceptional commitment of the entire Concord team. I would also like to express my sincere thanks to Tom Whalley and Jake Wisely, both for sharing the vision for Concord and for agreeing to join me as founding members of the new Concord Advisory Board.”

Valentine commented, “I have had the privilege of helping to build Concord into the company that it is today ever since Norman Lear and his business partner Hal Gaba had the extraordinary foresight to buy a small, independent jazz record label in the same year that Napster was invented. The journey since then has been scary, thrilling, surprising, and incredibly rewarding. Scott has led Concord through an immense amount of growth and change over the last decade, and I couldn’t be prouder of the company that he and Tom have helped to flourish. I’m excited to lead Concord’s next chapter, and I’m happy that Scott and Tom will continue to provide their insights and advice along the way.”

Whalley stated, “In 2014, I found a great partnership with Scott Pascucci and Concord. That partnership helped build a very important independent label, Loma Vista Recordings. It has been an added bonus to serve as the Chief Label Officer for frontline labels at Concord. I’m very proud of what we have accomplished.” He added, “I want to thank the Concord Board of Directors, Scott Pascucci and Bob Valentine for their complete commitment to Concord Label Group during my tenure. I look forward to joining Scott and Jake Wisely in serving on Concord’s Advisory Board.”