LOS ANGELES, March 14, 2013 /PRNewswire/ -- The Board of Directors of Live Nation Entertainment (NYSE: LYV) has appointed Greg Maffei as the non-executive Chairman of the Board. Mr. Maffei is President and Chief Executive Officer of Liberty Media Corporation and has served on the Live Nation Board of Directors since February of 2011.
"Greg brings years of experience and business acumen that will continue to be a valuable asset as our team executes on the three-year plan, driving profitability and shareholder value," said Michael Rapino, President and Chief Executive Officer of Live Nation.
"Michael and his team have made Live Nation the most pervasive brand in live entertainment. I look forward to further collaboration with Michael and my fellow board members," said Mr. Maffei.
Mr. Maffei joined Liberty Media as CEO-elect in November 2005 and became CEO in February 2006. Mr. Maffei has also served as President and Chief Executive Officer of Liberty Interactive since May 2007. Previously, he has served as President and Chief Financial Officer of Oracle, Chairman and Chief Executive Officer of 360networks and Chief Financial Officer of Microsoft.About Live Nation Entertainment:Live Nation Entertainment is the world's leading live entertainment and ecommerce company, comprised of four market leaders: Ticketmaster.com, Live Nation Concerts, Artist Nation and Live Nation Network. Ticketmaster.com is the global event ticketing leader and one of the world's top five ecommerce sites, with a database of over 119 million fans who visit our sites. Live Nation Concerts produces over 22,000 shows annually for more than 2,300 artists globally. Artist Nation is the world's top artist management company, representing over 200 artists. These businesses power Live Nation Network, the leading provider of entertainment marketing solutions, enabling nearly 800 advertisers to tap into the 250 million consumers Live Nation delivers annually through its live event and digital platforms. For additional information, visit www.livenation.com/investors.