Randy Phillips said he plans to shift his focus to managing boy band whydontwemusic
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,"I may have stepped down from the CEO position, but im not stepping away from the company," Phillips tells, 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 was brought on "as a gun slinger to clean it up, get it functional and prepare it for sale and that’s what we are doing now," he told. After leading the sale of a number of assets including Flavours and Paylogic to See Tickets, and the hiring of HARD Summer founder, the company was able to turn around in a year, going from $30 million in losses to $20 million in earnings.
Phillips said Liontree has been brought on to help with a sale of more of the company's assets, which will likely include Dutch promoter ID&T, creators of an online marketplace for DJs and music creators, as key to the turnaround.
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