AEG Undergoes Major Restructuring, CEO Randy Phillips Exits
The live entertainment giant undergoes an executive shake-up.
As part of a major executive restructuring, Randy Phillips, CEO of AEG Live, is leaving the live-events giant, it was announced on Monday, Nov. 25.
Jay Marciano, COO of AEG, has been appointed chairman of AEG Live and will supervise a Los Angeles-based executive team led by Paul Tollett, John Meglen, Shawn Trell and Rick Mueller.
Tollett has been named CEO and president of Goldenvoice and will have a broader role in the management of AEG Live’s business as a member of the company’s board.
Meglen had been co-CEO of boutique touring firm Concerts West (AEG acquired the company in 2000) and will assume the role of president of global touring for AEG Live.
Trell has been promoted to COO of AEG Live, while Mueller, has been named president, AEG Live North America.
AEG Live promotes music tours and festivals (Coachella, Stagecoach) and also has business interests in broadcast, merchandising and various special events. It runs 15 regional offices and owns, operates or exclusively books 35 U.S. venues. Among the artists currently on the AEG concerts roster are Alicia Keys, Bruno Mars, Bon Jovi, Carrie Underwood, Cher, Daughtry, Enrique Iglesias, Justin Bieber, Kanye West, Kenny Chesney, Leonard Cohen, Paul McCartney and Taylor Swift.
Phillips, along with promoter Paul Gongaware, were included in a negligence lawsuit filed by Michael Jackson's mother, Katherine, who claimed the executives (AEG was the promoter of Jackson's planned comeback concerts) were partly responsible for the pop star's death. A judge dismissed the two executives from the suit, however, on Sept. 9, citing a lack of evidence.
Phillips joined AEG in 2002 and had re-upped as CEO and president in 2012.