TEG Appoints New Leadership
Australia, with headquarters at TEG, one of the largest companies in the entertainment and ticketing sector within the Asia-Pacific region, has appointed Jeff Jones as chairman and Brad Banducci as the new chief executive officer.
Jones steps into the role after serving as chief executive officer for 14 years.
Brad Banducci brings over 30 years of leadership experience in the retail and consumer industries, most recently as the chief executive officer of Woolworths Group.
According to TEG, Jones’s tenure as CEO saw him make significant contributions that were crucial to the industry both in Australia and globally.
TEG’s Growth and Impact
Jones established the company as the “architect of the integrated TEG model,” aiming to enhance cost-effectiveness and geographical reach. The company spans the entertainment, ticketing, and digital sectors, boasting 30 enterprises worldwide.
TEG features an extensive portfolio of live entertainment, hosting approximately 1,000 events annually and attracting 2 million fans, as stated on their website.
The company’s growth was underscored in October 2019 with an acquisition facilitated by the investment firm Silver Lake, following which TEG acquired the British promoter and venue operator, Group MJR, further expanding its international footprint.
“I am glad to convey the baton to Brad, whose proven track record makes him an ideal leader who will guide TEG to the next stage.”
Jeff Jones
Regarding the transition in leadership, Jones commented: “I am pleased to pass the baton to Brad, whose proven track record makes him an ideal leader for directing TEG into its next chapter.”
“As chairman, I eagerly anticipate collaborating with Brad and the team to further develop our business.”
“In this new role, I’m driven by both a personal passion for live events and a strong belief in the increasing significance of live experiences overall.”
Brad Banducci
Banducci expressed his enthusiasm for joining TEG at this pivotal moment in its journey: “It is a great honor to join TEG during such an exciting time.”
“Under Jeff’s leadership, the company has established a strong foundation, and I look forward to working alongside Jeff, Cameron Hoi (chief operating officer), our investors Silver Lake, Mercury Capital, and Australian Super, as well as the broader TEG team to deliver exceptional live experiences for all stakeholders.”
“In this new role, I’m motivated by a personal passion for live events and a firm belief in the growing importance of live experiences.”
Brad Banducci named CEO of ticketing firm TEG, as Geoff Jones becomes Chairman
