Simon Dunmore, the long-standing CEO of Defected Records, has announced his resignation following a significant management change. Wez Saunders, who previously held the position of Managing Director since 2014, has taken over the reins by purchasing the renowned UK label. The exact financial details of this acquisition remain undisclosed.
Although Dunmore has relinquished his CEO role, he isn't departing from Defected entirely. He will continue to contribute as an A&R consultant. Public records indicate that Saunders secured the acquisition funds through a collaboration with Pinnacle Bank via a holding entity.
Reflecting on their journey, Dunmore expressed his gratitude towards Saunders, acknowledging their joint efforts in steering Defected through prosperous times. He emphasized the company's robust foundation, built on a rich collection of master recordings and publishing portfolios. Dunmore expressed his enthusiasm about the future, confident in Saunders' ability to lead Defected towards new horizons.
Saunders, in his statement, paid homage to the legacy of Defected, emphasizing its commitment to upholding the highest standards in house music. He expressed gratitude to Dunmore for his mentorship and expressed his ambition to carry forward the values and culture that have made Defected a beloved brand among artists and fans alike.
Under Dunmore's leadership since its inception in 1999, Defected has celebrated numerous milestones, including hosting over 300 events and selling more than 600,000 tickets in 2022 alone. The label, known for its collaborations with iconic artists like Masters at Work and Kevin Saunderson, has also expanded its footprint with events in Ibiza, Malta, and Croatia.