Washington – SoundExchange, the recording industry entity
set up to collect and distribute digital royalties, announced that it has named
long-time executive vice president and general counsel Michael Huppe as its new
Huppe succeeds founding director John Simson, who announced his
departure in July after leading the non-profit, which has paid out more than
$600 million in royalties, since 2003.
"Mike’s proven leadership ability
and service to the organization cannot be overstated," reads a statement
from the SoundExchange board.
"Pair that outstanding record with his
innovative ideas about the evolving industry, and this was unquestionably the
right choice for SoundExchange’s future."
"We’ve grown from a
legislative experiment to a major player in the music industry, and that growth
has brought with it a host of new challenges. There are exciting opportunities
ahead, and I’m proud and honored to be at the helm for the next part of our
journey," said Huppe.