Tracy Maddux, former CD Baby CEO, has immediately departed from his position as Downtown Music Holdings' chief commercial officer (CCO). This unexpected exit comes after just over three years in the role, which he assumed in October 2020 following Downtown's acquisition of CD Baby in 2019.

While the specific reasons for his departure remain undisclosed, Maddux will continue serving as a consultant and advisor for Downtown's strategic initiatives throughout 2024. During his tenure, Maddux oversaw significant developments, including:

• The strategic sale of CD Baby, AdRev, and DashGo
• Leading Downtown's M&A practice
• Working on the integration of FUGA and Curve

Downtown CEO Andrew Bergman acknowledged Maddux's contributions, praising his impact on the company's culture and growth. This departure adds to several executive changes at Downtown Music Holdings in 2023, including:

• Dorothee Imhoff's appointment as FUGA's CCO
• David Driessen's transition to Chief Business Officer of Downtown Music
• Jedd Katrancha's move to CCO of Downtown Music Publishing

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