The Anschutz Company to Retain Ownership of AEG
Denver, Colorado and Los Angeles, California - March 14, 2013 – The Anschutz Company announced today that it will retain ownership of Anschutz Entertainment Group, Inc. and terminate the sales process for AEG.
Philip F. Anschutz, as Chairman of AEG, will resume a more active role in the Company, with a particular focus on the Company’s world-wide strategy and operations. Dan Beckerman will assume the position of President and Chief Executive Officer of the Company. Mr. Beckerman joined AEG over 15 years ago and previously served as the Chief Financial Officer and Chief Operating Officer.
Tim Leiweke, who has served as President and Chief Executive Officer of AEG since 1996, will be leaving the Company by mutual agreement. “We appreciate the role Tim has played in the development of AEG, and thank him for the many contributions he has made to the Company. We wish him well in his new endeavors” said Mr. Anschutz.