O2 Owner AEG To Appoint New European Chief
The owner of the O2, the site in southeast London that has become one of the world's most popular entertainment venues, is poised to name a new boss of its European operations.
Sky News understands that Anschutz Entertainment Group (AEG) will on Thursday appoint Tom Miserendino as the president and chief executive of AEG Europe.
Mr Miserendino has worked for AEG for more than a decade, most recently as the head of AEG Live, the group's touring and concert arm.
He is expected to take over the company's operations in one of its most important regions outside its home US market on December 1, insiders said on Wednesday.
AEG's flagship venue in Europe is the O2 on the Greenwich Peninsula, which will next month host the season-ending ATP World Tour tennis championship, in which the top eight players in the men's game will compete for the final trophy of the season.
The company also owns a number of other sites in Scandinavia and Germany, which Mr Miserendino will oversee.
He will take over from Jay Marciano, one of AEG's top executives, who relocated to the group's Los Angeles headquarters earlier this year when he was promoted to the role of chief operating officer.
The management reshuffle followed an aborted attempt to sell the entire company for as much as $10bn, a sale process which attracted interest from bidders around the world.
Philip Anschutz, AEG's founder, said the auction had failed to attract offers of sufficient value.
Outside Europe, AEG owns and operates venues including the Staples Center in LA and the Mercedes-Benz Arena in Shanghai.
It also owns sports franchises such as the Los Angeles Kings National Hockey League outfit and the Major League Soccer team for which David Beckham played during his time in the US, LA Galaxy.
AEG was unavailable for comment.