Indie distributor TuneCore announced today that longtime CEO Scott Ackerman has decided to step down, effective April 15. He’ll stay on in an advisory role reporting to Denis Ladegaillerie, CEO of owner Believe Group, the company said.
A search for a new CEO is underway.
Ackerman joined TuneCore in 2010 as COO and has run the company since 2012, when then-CEO/president Jeff Price and fellow co-founder Peter Wells departed. He was officially promoted to CEO in May 2014. Prior to joining TuneCore, he held executive roles at eHarmony, Orbitz and in the airline industry.
TuneCore charges an annual flat fee to help artists and labels distribute music on digital services. Since its inception, TuneCore artists have earned over $1.8 billion on the company’s platform of paying out 100% of what creators make from streams and downloads.
Under Ackerman’s watch, TuneCore has expanded to the U.K., Germany, Australia, Japan and other markets, while striking deals with companies ranging from Tencent to Facebook.
”I truly enjoyed working for TuneCore and after ten amazing years,” said Ackerman. “I made the decision to end my tenure to pursue other opportunities. I remain committed to working with Believe in an advisory capacity on strategic initiatives as TuneCore continues to grow.”
Added Ladegaillerie, “[Ackerman’s] leadership of TuneCore’s global expansion and prioritization of innovative technology has helped us build the tools independent artists need to reach the highest level of success.”