UTA Adds Independent Directors Paul Wachter, Ceci Kurzman To Board; Names Wachter Chairman
United Talent Agency has added Main Street Advisors CEO Paul Wachter and Nexus Management Group founder Ceci Kurzman to its board of directors, and named Wechter board chairman, the agency announced today (Feb. 2).
The naming of Wachter and Kurzman as independent directors reflects the dramatic growth and diversification of UTA’s business in recent years, including the acquisitions of UK talent and literary agency Curtis Brown Group and entertainment and marketing advisory firm MediaLink, as well as the strategic partnership with global private equity firm EQT in July 2022.
“The addition of Paul and Ceci, with their web of expertise in entertainment and technology, finance and corporate governance, is another powerful signal about the trajectory of our company and the work we are doing on behalf of our clients,” said Jeremy Zimmer, co-founder and CEO of UTA. “When we brought in EQT last summer as UTA’s largest minority investor, we together recognized the value of adding experienced outside voices to the board to help us continue to pursue our goals. Both Paul and Ceci are passionate about artists and culture and recognize the importance of how UTA can continue to lead into the future. We could not be more fortunate to have them stepping into these roles.”
Paul Wachter is the founder and CEO of Main Street Advisors. Managing more than $8 billion in assets, Main Street Advisors is one of the most prominent investors and business builders in sports, media, music and entertainment.
Wachter has helped lead financial and business strategy for prominent figures in sports and entertainment, including building LeBron James’ off-court business, Beats by Dre with Jimmy Iovine and Dr. Dre, and the continued growth and expansion of Fenway Sports Group.
Wachter has served on the boards of Time Warner, Virgin America and Beats Electronics. He also served as an outside former California Gov. Arnold Schwarzenegger throughout his governorship, including as a director on the UC Board of Regents from 2004-16. Wachter is a graduate of Columbia Law School and Wharton and also served as chairman of the Holocaust Claims Committee for Austria.
“I’ve watched Jeremy and UTA build one of the most dynamic businesses in entertainment, sports and media,” Wachter said in a statement. “These industries are going through a generational transformation, and UTA is uniquely positioned to be one of the companies at the center of it,” said Wachter. “I’m very honored to join as board chairman and thrilled to be a part of how UTA continues to innovate for their clients and investors.”
Kurzman is the founder of Nexus Management, which began as an artist management company and evolved into a platform for private investments in the consumer, media and technology sectors.
She has served on public, private and nonprofit boards since 2012, which currently include Warner Music Group, Man Group and Lanvin Group, among others. Prior to founding Nexus in 2004, Kurzman held executive roles at Arista Records and Sony Music’s Epic Records. A Harvard University graduate, her nonprofit work has included serving on the board of Women’s Forum, New York’s premier organization of female business leaders.
“Culture, entertainment and sports are universal throughout the world, creating new forms of disruption and opportunity every day. UTA touches every corner of these ecosystems and has the growing reach and capabilities to continue to drive success for the extraordinary artists, athletes and clients they represent,” said Kurzman in a statement. “I’m excited to work with the rest of the UTA board to continue to innovate and pursue their vision.”