Madison Square Garden Names Andrew Lustgarten President

Mark Kauzlarich/Bloomberg via Getty Images
Signage is displayed on the exterior of the Madison Square GardenĀ in New York City on Jan. 31, 2017.

The Madison Square Garden Company has named Andrew Lustgarten its new president, effective immediately. Lustgarten has been with MSG since 2014 and was most recently executive vp of corporate development and strategy.

In his elevate role as president, Lustgarten will oversee MSG's entire entertainment and sports booking and productions businesses, along with all aspects of the company's sports franchises including the NBA's Knicks and the NHL's Rangers. He'll also continue his former duties as an evp, pursuing new strategic partnerships and initiatives.

"Andy is the perfect person to help lead MSG at this point in its history," said MSG's executive chairman and CEO, James Dolan. "His unique experience in sports, live entertainment management and corporate development will be critically important as we continue to focus on enhancing our core businesses and identifying compelling opportunities that further our presence and influence in live experiences."

MSG's roster of venues includes its legendary namesake, Madison Square Garden, as well as The Theater at Madison Square Garden, Radio City Music Hall and the Beacon Theatre in NYC, the Forum in Inglewood, Calif., The Chicago Theatre in Chicago, and the Wang Theatre in Boston, MA.

Added Lustgarten, "MSG is unlike any other company in the world. There is so much opportunity for our incredible assets to grow and to further expand MSG's position as the world's leading sports and entertainment company."

Lustgarten joined MSG after seven years at the NBA, where he served as senior vice president, global strategy. Prior to joining the NBA, he worked at Cablevision Systems Corporation in finance and in investment banking at Bear Stearns & Co.