A trio of promotions sees the O2 boss Langford, finance director Paul Reeve and O2/Wembley Arena programmer Emma Bownes elevated to executive positions
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Miserendino, who has been with AEG since 2002, will step down effective 31 December 2018, with Alex Hill succeeding him as president/CEO of AEG Europe
By Jon Chapple on 25 Oct 2018
Alex Hill, currently COO and CFO of AEG Europe, is to take over as president and CEO of the company’s European operations at the end of 2018, succeeding Tom Miserendino, who has announced his retirement.
US-born Miserendino, 68, has been with AEG since 2002 and has served as AEG Europe president and CEO since October 2013. Hill assumes his new role on 31 December 2018.
“Alex is the perfect choice to succeed Tom,” says Jay Marciano, COO of AEG and chairman/CEO of promotion division AEG Presents. “He has been instrumental in helping to develop and execute our corporate strategy in Europe, which has strengthened and grown our regional operations. He is an inspirational leader and is very knowledgeable about our European operations, customers, partners and employees.
“We look forward to a smooth transition, and to continued operational and financial success under Alex’s leadership.”
Commenting on Miserendino’s retirement, Marciano adds: “Thanks to Tom’s exceptional leadership, AEG’s European operations have never been stronger. Under his guidance and management, we have completed two key corporate initiatives: the opening of Mercedes Platz, our new entertainment district in Berlin, and the opening of ICON Outlet, a premium outlet shopping centre at the O2.
“Additionally, over the past few years, we’ve expanded our venue portfolio, grown our music and festivals business, bolstered our infrastructure, developed important new projects, formed key strategic partnerships and entered into new business categories. He has also assembled the best management team in the industry.
“now is the perfect time to implement our succession plan so that I can spend more time with my family”
“I, along with all of my colleagues throughout the company, want to sincerely thank Tom for his dedicated years of service and his numerous contributions to AEG.”
Miserendino says: “It has been an honour to lead this great company and I am extremely proud of everything we have accomplished together. I also am confident that as Alex takes the lead, the company will continue its growth trajectory in Europe and that he and the team will further build on our solid foundation.
“With Alex’s extensive leadership experience and the overall strength of the company’s management team, now is the perfect time to implement our succession plan so that I can spend more time with my family. I am very confident that AEG’s best days continue to lie ahead.
Hill, who has been chief operating officer for the past six years and chief financial officer for the last 11, comments: “It has been a pleasure to work with Tom over the last five years, and I’m committed to continuing his legacy of excellence as AEG develops and delivers outstanding fan-focused experiences.
“AEG has long been leading the industry in responding to the continued customer demand for memorable and unique live experiences, and I look forward to working closely with our talented European teams as we pursue opportunities for our company to grow.”
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