Grant Johnson Named BurnLounge.com CEO
June 19, 2007 at 4:55 PM (PT)
Digital download community BURNLOUNGE.com has accepted the resignation of CEO ALEX ARNOLD and has appointed GRANT JOHNSON to replace him. JOHNSON has spent over 15 years in the investment world and is one of the founding managing partners of BENEVOLENT CAPITAL, a hedge fund specializing in investment of funds into both the public and private market. JOHNSON also owns TOMATO RECORDS.
"This change in management is a first step towards a reinforced focus on building the entertainment company we've always envisioned," said co-founder, President/Entertainment and Chief Creative Officer STEPHEN MURRAY. "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."
Co-founder, President and COO RYAN DADD said, "GRANT coming on board is a great indication of our investors' support and reinforces the capital commitment behind the company. 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."