Performed by Chilean newcomers FloyyMenor and Cris MJ, the viral track made history on the Billboard Hot Latin Songs chart.
The executive, who has been with the publisher since 2017, is leaving to pursue other opportunities.
The executive, who has worked for Kobalt since 2013, will lead overall strategy for the publisher, including commercial partnerships with Amazon, Apple, Meta, Spotify and more.
Kobalt and other music companies are accusing 14 teams of stealing music by Jay-Z, Cardi B, Meek Mill, Migos and Outkast.
The $410 million, 5,000-song catalog also includes the music of AJR, Busta Rhymes and Jessie J.
Meanwhile, Sony sweeps all three Publishers Quarterly categories for Q3 2023, while Warner Chappell jumps to second place on Hot 100.
Sandoval already scored a No. 1 track on Billboard's regional Mexican airplay chart with “Si ya hiciste mal.”
This marks Kobalt's return to managing investment for outside capital after selling its two Kobalt Capital funds in recent years.
The National Music Publishers' Association has elected a new board, including newcomers Laura Veltz and Jeff Pachman.
The digital collections society expects double-digit revenue growth this year.
