According to Toy Selectah (also known as Toy Hernández, A&R of the label from 2004 to 2007), its president Gustavo López "suggested the name Machete, in part because of Control Machete, Hernández's former band". In 2010, the label launched its Machete Music Tour 2010 in celebration of the label's fifth anniversary.[3] The label claims 80% of Latin Rhythm Billboard chart sales.[4] In the five years between the label's establishment in 2005 and 2010, Machete had 27 top ten albums on the Billboard Top Latin Albums chart, eleven of which were number one albums.[5]