The exit of Phillips, who joined the company in 2002, is part of a restructuring of the division's management, in which Marciano will take a more active role in leading the subsidiary with a team of executives.
The shakeup comes after Tim Leiweke resigned as AEG's president and chief executive in March, an announcement that came as
"Jay is a highly respected veteran of the live entertainment business," said Dan Beckerman, AEG's president and chief executive. "With his increased involvement in the management of AEG Live as its chairman, and with the wealth of experience and expertise found among the rest of the AEG Live executive team, there is no limit to what this group can accomplish."
Marciano's executive team is led by Paul Tollett, John Meglen, Shawn Trell and Rick Mueller, all of whom have been given greater authority in the company.
Tollett has been appointed as CEO and president of Goldenvoice, the AEG division that is the promoter of the annual
Over Phillips' more than 10 years with the company, he oversaw the development of a concert business whose roster includes artists such as Alicia Keys,
He also figured prominently in the company's legal battles over the drug overdose death of performer
Just last year, Phillips signed a five-year contract to remain president and CEO at AEG Live.
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