LOS ANGELES (CelebrityAccess) Live Nation Entertainment executives Kathy Willard, Michael Rowles and Joe Berchtold have joined president & CEO Michael Rapino in extending their contracts through 2022
As well Berchtold, formerly chief operating officer, becomes president – a role also held by Rapino–while Rowles and Willard remain in their current roles as executive vice-president, general counsel and secretary, and executive vice-president and chief financial officer, respectively.
UK-based IQ magazine has reported that as president, Berchtold will receive a base salary of $1.3m annually, along with a 200% performance bonus and a grant of 100,000 restricted shares and 300,000 performance-based shares; and Rowles receives a base salary of $800,000, a 100% performance bonus and 25,000 restricted shares; and Willard receives a $950,000 base salary, a 100% performance bonus, 50,000 restricted shares and a grant of 50,000 options to purchase Live Nation common stock.
