Music Inc Magazine May 2024


T he NAMM board of directors has elected officers to represent the executive com- mittee, effective immediately and will serve through April 2025, representing NAMM’s global membership and the music industry at large. In a vote at the 2024 board meeting in Arizona in March, Joe Castronovo, president of Korg USA, was named treasurer, joining Tom Sumner, president of Yamaha Corp. of America and current chair of the NAMM board of directors. The executive committee is also represented by Chris White, president of White House of Music, as vice chair, where he serves in an ex officio role as chair of The NAMM Foundation board, and Whitney Brown Grisaffi, president of Ted Brown Music, who serves as secretary of the executive committee. “It’s been an incredible year thus far as chair during a monumental period for both NAMM and the music industry,” said Sum- ner at the board meeting. “The results of The 2024 NAMM Show are best measured by our members’ overwhelmingly positive

From left: Korg USA’s Joe Castronovo, Yamaha’s Tom Sumner, Ted Brown Music’s Whitney Grisaffi, White House of Music’s Chris White and NAMM CEO John Mlynczak.

feedback on the success they experienced for their businesses, and we remain laser- focused on bringing the right mix of our industry together each and every year.” Sumner also welcomed Castronovo to the executive committee. “Joe brings a wealth of industry knowl- edge, experience and leadership that will be the perfect complement to the existing

NAMM executive committee,” Sumner said. “We’re so honored to welcome Joe.” “I’m excited by the opportunity to serve the industry in this capacity,” Castronovo said. “I look forward to working with the board of directors in driving NAMM’s vi- sion, mission and objectives — and rep- resenting all NAMM members globally.” {}

Fender to Open New Corporate Co-Headquarters in Phoenix in 2025 R ED Development, a commercial real estate company, has added Fender provide our team members with an excep- tional workplace experience.”

Musical Instruments Corp. (FMIC) to its tenant roster at PV, a redevelopment of the former Paradise Valley Mall in Phoenix, in a single-tenant office building set to open next year. FMIC will be relocating its corporate co-headquarters from Scottsdale, Arizona, to the new space in Phoenix, which will break ground later this year. FMIC also has a corporate co-headquarters location in Hollywood, California. The new space will be a 80,000-square- foot, three-story building, which will open to team members in fall 2025. The new building, designed by SmithGroup, will be a dynamic hub for collaboration and will boast an array of cutting-edge facili- ties, including a dedicated model shop for its guitar and amplifier designers, a

Spanning more than 100 acres and situated in the heart of one of the most prominent neighborhoods in Phoenix, PV is a monumental mixed-use development. The master plan for the project features a plethora of dining, entertainment, retail, living and working experiences, which are linked to a more than three-acre, centrally located community open space with heav- ily landscaped multi-modal pathways. The scale of the project will redefine what live- work-play means. “Welcoming an iconic brand such as Fender to PV is truly remarkable,” said Mike Ebert, managing partner at RED. “This partnership underscores the ground- breaking innovation coming to PV and the exciting developments that are shaping our community’s future.” {}

state-of-the-art sound room, along with meeting rooms and flexible workspaces strategically designed to foster teamwork and innovation. “Fender’s decision to partner with RED Development reinforces our longterm com- mitment to Arizona and a local community we have called home since the early 1990s,” said Matt Janopaul, FMIC CFO. “Our build- ing will foster a dynamic environment that attracts top engineering, finance, IT, product development, sales and supply chain tal- ent. Most importantly, we believe that PV’s mixed-use offerings will enhance Fender’s culture of creativity and innovation and

16 I MUSIC INC. I MAY 2024

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