Effective Dec. 31, Tom Miserendino will step down as president and CEO of AEG Europe, handing the reins over to Alex Hill, currently AEG’s European COO and CFO.
Miserendino joined AEG in 2002, and became president and CEO in 2013. His successor Alex Hill joined as CFO in 2007, and added the role of COO in 2012.
Miserendino said he was retiring to spend more time with his family.
“Thanks to Tom’s exceptional leadership, AEG’s European operations have never been stronger,” said Jay Marciano, COO of AEG and chairman and CEO of AEG Presents.
He added: “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. 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.”
– Tom Miserendino
The famous exec wants to spend more time with his family
Miserendino said: “It has been an honour to lead this great company and I am extremely proud of everything we have accomplished together.”
He added that he was “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.
“I am very confident that AEG’s best days continue to lie ahead.”
Talking about Miserendino’s successor, Marciano said: “Alex is the perfect choice to succeed Tom. 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.”
Hill said, “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.”
AEG operates several buildings in Europe, including the O2 and The SSE Arena, Wembley in London, The SSE Hydro in Glasgow, Scotland, AccorHotels Arena in Paris, France, Stadio della Roma in Rome, Italy, as well as Barclaycard Arena in Hamburg and Mercedes-Benz Arena in Berlin, both in Germany.
The company also promotes British Summer Time Hyde Park and All Points East in London, through AEG Presents/Goldenvoice.