Anschutz Entertainment Group has parted ways with Randy Phillips, the chief executive of its live entertainment arm AEG Live, the company said Monday. Jay Marciano, AEG's chief operating officer, has been named AEG Live's chairman.
The exit of Phillips, who joined the company in 2002, is part of a restructuring of the division's management, in which Marciano will take a more active role in leading the subsidiary with a team of executives.
The shakeup comes after Tim Leiweke resigned as AEG's president and chief executive in March, an announcement that came as Philip Anschutz canceled plans to sell the company, which owns entertainment venues such as Staples Center in downtown Los Angeles. AEG Live is the world's second biggest concert company, behind Live Nation.
“Jay is a highly respected veteran of the live entertainment business,” said Dan Beckerman, AEG's president and chief executive. “With his increased involvement in the management of AEG Live as its chairman, and with the wealth of experience and expertise found among the rest of the AEG Live executive team, there is no limit to what this group can accomplish."
Marciano's executive team is led by Paul Tollett, John Meglen, Shawn Trell and Rick Mueller, all of whom have been given greater authority in the company.
Tollett has been appointed as CEO and president of Goldenvoice, the AEG division that is the promoter of the annual Coachella Valley Music and Arts Festival. Meglen will be AEG Live's president of global touring, while Trell has been upped to the title of chief operating officer for AEG Live and Mueller has been promoted to president of AEG Live North America.
He also figured prominently in the company's legal battles over the drug overdose death of performer Michael Jackson. In October, a Los Angeles jury found that the company, which before Jackson died was the promoter of his planned 50-concert comeback tour, was not liable for the performer’s death.
Just last year, Phillips signed a five-year contract to remain president and CEO at AEG Live.
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