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Labrish
Nyuuz
PRS for Music CEO Andrea Czapary Martin to step down
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[QUOTE="Queen, post: 87900, member: 27"] A five-year plan delivered in just three years caps off a tenure that saw the UK's biggest songwriting royalty body double its revenues over the past decade. PRS for Music CEO exits at year's end [LIST] [*]Andrea Czapary Martin steps down from PRS for Music in late 2026. [*]Her departure was mutually agreed upon with the Members' Council. [*]PRS represents over 180,000 songwriters, composers, and publishers. [*]Martin joined as CEO back in June 2019. [/LIST] The numbers under her watch look impressive [LIST] [*]PRS paid out £1.02 billion in royalties during 2024. [*]That figure climbed 8.1% compared to the prior year. [*]Revenues and distributions doubled across the last decade. [*]Her ambitious five-year plan landed three years ahead of schedule. [/LIST] Pandemic leadership defined the early stretch [LIST] [*]Martin steered PRS through COVID with an Emergency Relief Fund. [*]The organization relocated to its new London Bridge headquarters. [*]A 2020 vision targeted £1 billion payouts by 2026. [*]Sub-10% cost-to-income ratio was another key benchmark. [/LIST] Martin's pre-PRS career spanned wildly different industries [LIST] [*]Three international business units at Reader's Digest fell under her. [*]Royal Mail's data services division was a previous posting. [*]She ran ADT Canada before pivoting to music rights. [*]Julian Nott, the council chair, praised her unwavering commitment. [/LIST] [/QUOTE]
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Labrish
Nyuuz
PRS for Music CEO Andrea Czapary Martin to step down
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