Ever since the EDM conglomerate SFX Entertainment was announced bankrupt and Robert Sillerman, the CEO, stepped down, the company has been working on the restructuring of the management in order to keep the company afloat as per chapter 11 of the bankruptcy declaration.
Among those rumoured to be joining the company, Dutch publication Die Telegraaf reported that Q-Dance founder Wouter Tavecchio will join in a leadership position in exchange of buying back old shares that he sold off. Bas Meijers of ID&T and Rocco Veenboer of Netherlands’ Awakenings are reported to finalize similar agreements over the next few weeks
While Robert Sillerman has stepped down from the CEO position, he still serves on the board and reported to have said that the company will be a “robust and successful enterprise” post-restructuring.
H/T: Magnetic
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