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AEG promotes Jim King to CEO, EU festivals

AEG Presents has announced that Jim King, current executive vice-president of live music, is to take on a new role as chief executive of European Festivals.

King’s appointment will launch the newly created European Festivals division, as AEG Presents looks to expand its presence in Europe. In his new role, King will seek out new opportunities in the festival space.

King previously worked for club brand Cream, later launching and running Creamfields festival. Prior to working at AEG, King ran his own company, Loudsound, which promoted and produced several UK festivals.

Since joining AEG Presents in 2008, King launched and produced BST Hyde Park in 2015 and All Points East in 2018.

The European Festivals boss will continue to work from AEG’s London office, reporting directly to president of AEG Europe, Alex Hill.

“I really believe that AEG does something truly special when it comes to festivals,” says King.

“I really believe that AEG does something truly special when it comes to festivals”

“The music fans and the artists are always at the heart of our thinking and this has meant we have been able to curate shows that resonate with them and keep both coming back.”

Hill, who says King “is without a doubt the very best at what he does”, expects “great things” from the European Festivals chief executive and his team.

“We wanted to give him [King] the freedom to accelerate AEG’s activity in the festival space hence the creation of this division and his leadership role at the head of it,” comments Hill. “Being able to confirm him in this job as we approach the second weekend of BST Hyde Park seems very fitting indeed.”

BST returns this weekend (13 and 14 July), with headline performances from Florence and the Machine and Robbie Williams. Tickets for the Saturday are still available, with general admission priced at £73.60 and VIP packages starting from £163.95.

 


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Alex Hill to take over AEG Europe, succeeding Tom Miserendino

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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