ASCAP today announced that CEO John LoFrumento eas retiring after 17 at the performing rights organization. January 1st. LoFrumento first joined ASCAP in 1981 as Controller. He then served as CFO, COO and EVP, and was named CEO in 1997. LoFrumento’s successor will be named shortly. As CEO, LoFrumento helped ASCAP’s membership and distributions grow from 70,000 members in 1997 with distributions totaling $417 million to 520,000 members today with 2014 distributions to exceed $875 million. ASCAP licenses 10 million compositions. “When I became CEO in 1997, we set a course aimed at transforming ASCAP into a new kind of...

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