SoundCloud Plays CFO Shuffle After Billion-Dollar Sale Rumor Leaks

SoundCloud new CFO Tom Sansone
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SoundCloud new CFO Tom Sansone
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Photo Credit: SoundCloud (Tom Sansone)

Following the leak of ‘$1B+’ sales rumors, SoundCloud has a new CFO/COO. Tom Sansone steps into the role following the departure of Drew Wilson.

SoundCloud CEO Eliah Seton made the announcement yesterday, effective immediately. Tom Sansone brings more than 20 years of global financial and operational experience in the technology and music industries, including a track record of leading business transformation.

In his new role, Sansone will help drive the execution of SoundCloud’s strategic roadmap through operational rigor, corporate development, M&A, financial performance and capital restructuring. Sansone will report directly to Seton. Sansone most recently served as CFO for Kobalt Music Group for seven years. In that position, Sansone was a key architect of the company’s operational restructuring and profitable growth, capital planning, and successful sale of the businesses.

Previously, Sansone was COO and CFO of Gilt Groupe for 8 years, leading the company through a period of growth. Earlier in his career, Sansone worked for Arthur Anderson and PricewaterhouseCoopers.

“On behalf of the Board of Directors and management of SoundCloud, I want to welcome Tom to the team. Tom is a proven global executive with a highly differentiated and relevant skill set that includes accelerating business transformation, establishing operational and financial discipline and executing strategic alternatives,” says Eliah Seton. “Now that we are a profitable growth company and in control of our own destiny, Tom will be a key partner in helping us realize SoundCloud’s unique opportunity and industry-changing vision.”

“I am passionate about helping businesses realize their potential and am incredibly excited about the opportunities for SoundCloud,” adds Tom Sansone. “The evolution of the business has been exciting to see and the company remains one of the most trusted brands for creators and super fans of music discovery. I’m looking forward to working with an incredible leadership team and board to execute on the strategy to empower artists and fans to share and connect through music and to build on our strong financial footing.”