Music financing platform beatBread named former CD Baby and Downtown Music executive Tracy Maddux interim CEO following the death of beatBread co-founder and CEO, Peter Sinclair, the company announced on Wednesday (Nov. 19).

“Under Maddux’s interim leadership, beatBread will focus on maintaining its strong growth trajectory, advancing platform innovation, expanding partnerships, and ensuring operational excellence,” according to a beatBread press release. “He will also play an active role in the company’s search for a permanent CEO, ensuring a seamless transition and long-term continuity.”

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Maddux was Downtown Music’s chief commercial officer from 2020 to 2023, when he was in charge of the distrib

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