What's Happening?
Peermusic, a leading independent music publisher and neighboring rights company, has announced the promotion of Jody Farber to the position of Chief Financial Officer (CFO). This decision follows the retirement of Bill Gorjance, who served as the finance chief for two decades. Farber, who joined Peermusic in 2024 as Senior Vice President of Finance and Strategy, will now oversee all financial operations, including global treasury, budgeting, accounting, and strategic planning. She will report directly to CEO Mary Megan Peer and will be based in New York. The announcement was made by executive chair Ralph Peer II and CEO Mary Megan Peer. Farber's appointment is part of a broader leadership restructuring at Peermusic, which recently saw Paul Smelt
promoted to Chief Operating Officer (COO).
Why It's Important?
The appointment of Jody Farber as CFO marks a significant leadership transition for Peermusic, a company with a global presence in the music publishing industry. Farber's extensive experience in finance roles across the music, entertainment, and nonprofit sectors positions her to continue the company's growth trajectory. Under Gorjance's leadership, Peermusic tripled its revenues and expanded into new markets such as Korea and China. Farber's leadership is expected to maintain this momentum, ensuring financial integrity and operational excellence. Her role will be crucial in supporting Peermusic's ongoing growth and in building successful partnerships with songwriters and artists, which are vital for the company's future success.
What's Next?
As Jody Farber steps into her new role, she will focus on leveraging her industry experience to collaborate with Peermusic's global finance teams. Her immediate tasks will include ensuring the company's financial strength and success, as well as fostering partnerships with clients and business partners. The transition also involves maintaining the debt-free balance sheet handed over by Gorjance. Peermusic's leadership has expressed confidence in Farber's ability to uphold the company's legacy of financial integrity and to drive its profitable growth. The company will likely continue to explore new markets and opportunities under her financial stewardship.
