"I was given my mission and I fulfilled my mission," Phillips tells Billboard.
Randy Phillips has stepped away from his position as CEO of LiveStyle and is working for the company's investors as a consultant as LiveStyle prepares to sell more of its assets, Billboard has learned.
"I may have stepped down from the CEO position, but im not stepping away from the company," Phillips tells Billboard, saying his exit after turning around the company post-bankruptcy had been planned for some time. "It's kind of like the military — I was given my mission and I fulfilled my mission," he says.
Phillips said he plans to shift his focus to boy band Why Don't We, which he manages, telling Billboard "they are really starting to take off and it was important to me that I could tell Craig Kallman (Atlantic Records chairman) and Max Lousada (CEO of WMG) that I'm 100% in."