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Thomas Coesfeld
CFO @ BMG - The New Music Company
Thomas Coesfeld is a prominent figure in the music industry, currently serving as the Chief Executive Officer (CEO) of BMG - The New Music Company, a position he has held since July 1, 2023. Prior to his appointment as CEO, Coesfeld was the Chief Financial Officer (CFO) of BMG from April 1, 2021, after initially joining the company as Deputy CFO on October 15, 2020.136
Professional Background
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Career at Bertelsmann: Coesfeld began his career at Bertelsmann in early 2016, participating in the Bertelsmann Entrepreneurs Program (BEP), which allowed him to work with various subsidiaries, including BMG and Relias in the U.S..35 Before joining BMG, he served as a member of the Executive Board of the Bertelsmann Printing Group and was the Chief Strategy Officer at Mohn Media in Gütersloh.13
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Previous Experience: Before his tenure at Bertelsmann, Coesfeld worked as a management consultant at McKinsey & Company starting in 2014. He holds a degree in business administration from institutions in Vallendar, Washington, and Atlanta.35
Responsibilities and Achievements
As CFO of BMG, Coesfeld was responsible for overseeing finance, taxes, and controlling within the organization. His strategic leadership contributed to implementing the Bertelsmann Boost strategy aimed at enhancing growth and digital focus within BMG.24 Upon becoming CEO, he has continued to drive initiatives that prioritize the needs of artists and songwriters while focusing on digital revenue streams and new technologies.35
Coesfeld's leadership is marked by a commitment to innovation and efficiency in music rights management, positioning BMG as a competitive player in the global music market.56