PRS for Music announces new appointment
Stephen Davidson appointed as an external Director and Executive Board chair
The organisation that represents over 100,000 songwriters, composers and publishers has confirmed the appointment of Stephen Davidson, as an external Director and Executive Board chair.
Stephen replaces Peter Bamford, who left PRS for Music at the end of October after six years of service, during which time he made a major contribution to the governance of the organisation.
Stephen has held various positions in both industry and investment banking, finally at WestLB Panmure where he was Global Head of Media and Telecoms and Vice Chairman of Investment Banking. He is Chairman of Datatec Ltd (JSE and AIM listed) and Actual Experience plc, a non-executive director of Inmarsat plc and Restore plc and Deputy Chairman of Jaywing Group plc.
From 1 January 2015, Stephen will chair the Licensing and Nomination-Remuneration Committees in addition to the Executive Board of PRS for Music Ltd.
Stephen’s experience at the helm of so many global companies positioned him ideally for the role of Chairman of our Executive Board. The breadth of his knowledge, particularly of media and telecoms, perfectly equips him to help to drive our business forward and I am delighted to welcome him to PRS for Music.
About PRS for Music
PRS for Music represents the rights of over 155,000 songwriters, composers, and music publishers in the UK and around the world. On behalf of its members, it works to grow and protect the value of their rights and ensure that creators are paid transparently and efficiently whenever their musical compositions and songs are streamed, downloaded, broadcast, performed and played in public. In 2020, 22.4 trillion performances of music were reported to PRS for Music, with £699m paid out in royalties to its members, making it one of the world’s leading music collective management organisations.
PRS for Music’s public performance licensing is now carried out on PRS for Music’s behalf by PPL PRS Ltd, the joint venture between PPL and PRS for Music.