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Music Industry Moves: Live Nation CFO Kathy Willard to Retire; Range Media Partners Adds Music Execs

Longtime Live Nation CFO Kathy Willard is retiring effective June 30, CEO Michael Rapino announced during the company’s earnings call on Thursday. The company is planning for Joe Berchtold, who currently serves as Live Nation’s president, to assume the role of president and CFO. Willard, who has been with the company for 25 years, will consult on the transition and remain with the company as an advisor to the management team. Live Nation is the world’s largest live-entertainment company.

“Kathy has been here since day one of Live Nation, and on behalf of the entire team, I want to thank her for her remarkable dedication and enormous contributions to our company,” said Rapino. “Kathy’s leadership, vision and financial expertise have driven more than two decades of growth and will forever be part of Live Nation’s journey.

“Joe has always been intricately involved in our financial planning process and we’re happy to have someone who already knows our business so well stepping into this role,” he added. “Over the past year we’ve been obsessed with improving our business however we can and we’re heading into the return of shows as we have deepened our executive team to provide more leadership on strategy, operations, and innovation than ever before. This will allow Joe to take on our CFO role and together, we will continue to focus on maintaining a strong financial position while ensuring that Live Nation is ready to resume live shows as soon as possible.”

Willard said, “It has been an honor to have worked for this innovative and exciting company for so many years. I am truly grateful to my Live Nation colleagues for their partnership, knowledge and friendship. I am proud of the work we have done to position the company for future financial success, and as

Article source: https://variety.com/2021/music/news/live-nation-kathy-willard-1234965914/

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