No. 2

Executive VP/CFO, Live Nation Entertainment


Nearly three years after Ticketmaster merged with Live Nation Entertainment, the efficiencies and synergies that were predicted from that deal are coming to fruition for Live Nation Entertainment. The efforts of executive VP/CFO Kathy Willard are a driving force in reaping those financial benefits. Live Nation Entertainment is the world’s largest live entertainment company, with a market capitalization of $3.2 billion. The firm promotes 22,000 concerts, partners with 12,000 ticketing clients, represents more than 200 artists in management and entertains nearly 45 million fans each year. Willard oversees the financial operations of the global company, and has been instrumental in driving profitability and shareholder value. This has been a stellar year for the publicly traded company, as reflected in its third-quarter earnings report. Among the positives: a 17% increase in concert attendance for the first nine months, for a total of 44.7 million fans attending Live Nation concerts to date; the launch of Ticketmaster’s groundbreaking resale product; the complete refinancing of Live Nation’s debt, reducing interest costs by $12 million annually; an increase in Ticketmaster’s overall transaction value of tickets sold by 4%; and, most important for investors, achieving, in the first nine months of 2013, the highest revenue and adjusted operating income in the history of the company. Willard, who just marked her 15th anniversary with Live Nation Entertainment, says, “Overall, it has been another amazing year at Live Nation.” —Ray Waddell