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ASM Global appoints Ron Bension as President and Chief Executive Officer

LOS ANGELES, March 23 / PRNewswire / Bension has a remarkable track record at live events

ASM Global (“ASM”) announced today that Ron Bension has been appointed to the position of President and Chief Executive Officer and will assume his new role immediately.

“We are thrilled that Ron has joined the ASM Global team. He is exactly the type of executive we are looking for to run our businesses. His extensive experience running businesses that create great experiences for customers and visitors will be.” In addition, his proven strategic thinking and execution skills are a perfect match for the next phase of ASM’s growth as we move out of the pandemic, “said Kosty Gilis, Managing Director at Onex and board member of ASM.

“We admire Ron’s long and successful track record with a number of highly respected companies in the live events and leisure industries and are confident that he can build on the advances made under Bob Newman. ASM is on the road to success and we at AEG are so dedicated and as optimistic as ever about the future of the company and the industry, “said Dan Beckerman, CEO of AEG and ASM board member.

Mr. Bension brings over four decades of experience to ASM, including most recently a long stint at Live Nation as President of House of Blues Entertainment. Prior to that, he served as President and CEO of various public and private companies, including Tickets.com, GameWorks, MCA Recreation Group and Universal Studios Hollywood.

“I am excited to join ASM Global. The company has an unparalleled track record and leadership skills. I look forward to working closely with the dedicated team at ASM Global to grow the business and build on the company’s deep relationships to build his incredible, world-class customers around the world, “said Mr. Bension.

Information on ASM Global

ASM Global is the world’s leading provider of innovative venue services and live experiences. The company’s elite event network spans five continents with a portfolio of more than 325 of the most prestigious arenas, stadiums, convention and exhibition centers and performing arts venues. From Aberdeen to Anchorage and Sydney to Stockholm, its venues connect people through the unique power of live experiences.

ASM Global’s diverse customer portfolio benefits from the company’s extensive resources and unparalleled experience, expertise and creative problem solving. Every day, the company’s 61,000 dedicated employees around the world deliver locally tailored solutions and cutting edge technology to deliver maximum results for venue operators and amazing experiences for guests. By consistently searching for new ways to design, innovate and strengthen the spaces and places that bring people together, ASM Global elevates the human spirit while delivering the highest value for everyone involved. ASM Global was founded in 2019 through the merger of AEG Facilities, the venue management subsidiary of Anschutz Entertainment Group, Inc., and SMG, an Onex portfolio company. More information is available at www.asmglobal.com.

Information on AEG

AEG is headquartered in Los Angeles, California and is the world’s leading sports and live entertainment company. The Company operates in the following areas of business: Facilities, which through its affiliation with ASM Global owns, manages or advises more than 300 outstanding arenas, stadiums, convention centers and venues for the performing arts around the world; Music by AEG Presents, which is dedicated to all aspects of contemporary live music performance, including the production and promotion of global and regional concert tours, musical and special events, and world renowned festivals such as the Coachella Valley Music and Arts Festival; Real estate, world-class venues as well as major sports and entertainment districts such as the STAPLES Center and LA LIVE, Mercedes Platz in Berlin and The O2 in London; Sport, as the world’s largest operator of top-class sporting events and sport franchises such as the LA Kings, LA Galaxy and the Eisbären Berlin; and Global Partnerships, which oversees global sponsorship sales and servicing including naming rights, premium seating, and other strategic partnerships. AEG serves more than 160 million guests annually through its global network of venues, portfolio of strong sports and music brands, and integrated entertainment districts. More information about AEG can be found at: www.aegworldwide.com.

Information about Onex

Founded in 1984, Onex manages and invests capital on behalf of its shareholders, institutional investors and high net worth clients from around the world. Onex ‘platforms include: Onex Partners, private equity funds focused on medium to large companies in North America and Western Europe; ONCAP, private equity funds focused on mid-market and smaller opportunities in North America; Onex Credit, which primarily manages non-investment grade credit through tradable, private, and opportunistic credit strategies; and the actively managed public equity and credit funds of Gluskin Sheff.

Overall, the assets managed by Onex currently amount to approximately 44 billion US dollars, of which approximately 6.8 billion US dollars are accounted for by the capital invested by Onex.

With offices in Toronto, New York, New Jersey, Boston and London, Onex and its experienced management teams are collectively the largest investors through Onex’s platforms.

Photo – https://mma.prnewswire.com/media/14 56776 / Ron_Bension_Pic.jpg

Inquiries & contact:

Kevin Sajdak
ks@respublicagroup.com
(Office) 312-755-3547
(Mobile) 773-208-8498

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