Alex Mahon, the Channel 4 chief govt, is to turn into the brand new boss of the stay leisure group behind Cornwall’s Boardmasters pageant.
Superstruct, which is owned by the buyout corporations KKR and CVC Capital Companions, is predicted to announce the appointment this week, in accordance with non-public fairness insiders.
It’s understood to have been briefing pageant administration groups on Ms Mahon’s transfer on Wednesday morning.
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Her arrival will give Ms Mahon the chance to earn a extra profitable remuneration package deal than the one on supply to her at Channel 4.
Superstruct owns and operates greater than 80 music festivals throughout 10 nations in Europe and Australia.
For the reason that firm was established in 2017 by Windfall Fairness Companions, its former proprietor, Superstruct has expanded each organically and thru acquisitions into a serious stay leisure group.
Its portfolio consists of a few of Europe’s hottest festivals, together with Wacken Open Air, Defqon.1, Tinderbox, Boardmasters and Sónar, which is held yearly in Barcelona.
KKR and CVC each declined to touch upon Wednesday.
Ms Mahon’s arrival on the firm comes almost a 12 months after it was purchased by KKR in a deal value about £1bn.
CVC took a minority stake within the enterprise a number of months later.
Her exit from Channel 4 got here as little shock given the size of her tenure, and leaves the tv group looking a brand new boss.
“I feel lucky beyond belief to have had the chance to lead Channel 4 for nearly eight years – through calm seas (very few) and stormy waters (more than our fair share),” Ms Mahon mentioned on Monday.
“From navigating the threat of privatisation (twice), to shifting out of London, to digital transformation, lockdowns, political upheaval, advertising chaos – there has never been a dull moment.”
Channel 4 was in line to be privatised beneath the final Conservative authorities, with various bidders weighing presents for it earlier than the method was pulled.
