Tracy Maddux Steps Down as Downtown Music CCO, Transitions to Advisory Role in 2024
Tracy Maddux, former CD Baby CEO, has immediately stepped down from his position as Chief Commercial Officer (CCO) at Downtown Music Holdings.
Downtown Music Holdings corporate logo
Maddux, who led CD Baby for over a decade before joining Downtown in October 2020, will continue to serve as a consultant and advisor throughout 2024. His departure comes after playing a crucial role in several key initiatives, including:
- The strategic sale of CD Baby, AdRev, and DashGo
- Leading Downtown's M&A practice
- Overseeing the integration of FUGA and Curve
Downtown CEO Andrew Bergman acknowledged Maddux's contributions, highlighting his impact on the company's culture and business growth. The exact reasons for the departure remain undisclosed.
This change follows several executive restructurings at Downtown Music in 2023:
- Dorothee Imhoff became CCO of FUGA subsidiary
- David Driessen transitioned to Chief Business Officer
- Jedd Katrancha moved from CCO of Downtown Music Services to Downtown Music Publishing
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