When news broke that AEG was up for sale, it was huge news… and the news today is just as huge. The Anschutz Company announced today that it will retain ownership of Anschutz Entertainment Group, Inc. and terminate the sales process for AEG.
AEG’s Chairman Philip F. Anschutz, will resume a more active role in the Company, with a particular focus on the Company’s world-wide strategy and operations and Dan Beckerman, joined AEG over 15 years ago, will assume the position of President and Chief Executive Officer of the Company. Mr. Beckerman previously served as the Chief Financial Officer and Chief Operating Officer.
In what is the show stopper of the news today is that Tim Leiweke, who has served as President and Chief Executive Officer of AEG since 1996, will be leaving the Company by mutual agreement.