BurnLounge Appoints New CEO.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- Third graph, first sentence should read: Stephen Murray
The corrected release reads: BURNLOUNGE APPOINTS NEW CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. BurnLounge, the world's first fan driven digital download  The perspective and/or examples in this article do not represent a world-wide view. Please [ edit] this page to improve its geographical balance. community, announced today that it has accepted the resignation of Alex
Arnold as the company's chief executive officer and from its Board
of Directors. At the same time the company is pleased to announce the
appointment of Grant D. Johnson as CEO.
Co-founders Ryan Dadd and Stephen Murray nominated Grant Johnson and the board unanimously approved the nomination. "This change in management is a first step towards a reinforced focus on building the entertainment company we've always envisioned," said Stephen Murray, co-founder, president of entertainment and chief creative officer, BurnLounge. "We're entering a critical growth period for the company and we believe we have the right team in place to fuel this next evolution of the business to benefit our employees, artists, partners, and independent retailers." As a current board member and investor, Johnson has a vested interest Vested Interest A financial or personal stake one entity has in an asset, security, or transaction. Notes: For example, if you have a mortgage, your bank has a vested interest on the sale of your house. See also: Right in the company and brings extensive investment experience and relationships within the entertainment arena. He has spent over 15 years in the investment world and is one of the founding managing partners of Benevolent Capital, a hedge fund hedge fund, in finance, a highly speculative, largely unregulated investment device. Originating in the 1950s, the funds "hedge" by offsetting "short" positions (borrowing a security and then selling it at a higher price before repaying the lender) against "long" specializing in investment of funds into both the public and private market. Johnson also owns legendary music label, Tomato Records. In his new role at the helm of BurnLounge Johnson is tasked with helping the company chart its next phase of growth and build investment. "Grant coming on board is a great indication of our investors' support and reinforces the capital commitment behind the company," said Ryan Dadd, co-founder, president and chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. , BurnLounge. "Grant is absolutely the right addition to our team and will only strengthen our position and ability to expand this entertainment company into new markets." About BurnLounge BurnLounge is the first fully functioning network of socialization socialization /so·cial·iza·tion/ (so?shal-i-za´shun) the process by which society integrates the individual and the individual learns to behave in socially acceptable ways. so·cial·i·za·tion n. and sales, combining digital downloading, community building and personal entrepreneurialism in one place, for the first time ever. Through this innovative model, BurnLounge provides entrepreneurs, artists, movie moguls and music lovers with a new recommendation-driven promotional channel. For additional information, please visit http://www.BurnLounge.com. |
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