UK: Roger Faxon steps down from Salt board

During his tenure, Faxon played a role in advancing Salt’s mission to introduce technological innovation to the music industry, with a focus on improving accuracy, transparency and efficiency in payments to rights holders.

“It has been a privilege to work with the team at Salt,” Faxon said. “I have been consistently impressed by the calibre of the management, the progress the company has made and the commitment to building great technology solutions that genuinely improve outcomes for rights holders. I am confident the company is well positioned for continued success.”

The board thanked Faxon for his service and contribution, noting that he is stepping back to focus on his health and recovery.

Salt is a next-generation music industry technology company that develops products designed to streamline music rights management and royalty distribution, from attribution through to payment. Its services aim to support greater transparency and speed across both traditional and digital revenue streams.

One of its core products, Salt Royalties, provides royalty-processing infrastructure for music societies, handling usage data, ownership matching and distribution calculations. The system is designed to process income from broadcast radio and television, digital platforms, international sister societies and video-on-demand streaming services. The company says the platform is built to scale globally while ensuring accurate and timely payments to rights holders.

Salt also operates Salt Sessions, a collaboration application for music creators that supports the songwriting process from initial ideas through to release. The tool is designed to help ensure correct attribution and credit when music is used commercially.

Salt has secured a 10-year agreement to process more than $3.4 billion in music royalties with its first collection society client, BumaStemra, the Dutch organisation representing music authors and publishers.

The company’s board and investors include members of the global music community, among them Björn Ulvaeus of ABBA, Dave Stewart of Eurythmics and the late producer Quincy Jones.

Salt said it remains focused on developing technology that supports fair and efficient royalty distribution across the global music industry.