Channel 4 chief Mahon to run stay leisure group Superstruct

Alex Mahon, the Channel 4 chief government, is to grow to be the brand new boss of the stay leisure group behind Cornwall’s Boardmasters pageant.

Sky Information has learnt that Ms Mahon, whose departure after eight years on the state-owned broadcaster was introduced earlier this week, is to take the helm at Superstruct Leisure.

Superstruct, which is owned by the buyout corporations KKR and CVC Capital Companions, is anticipated to announce the appointment this week, in line with non-public fairness insiders.

It’s understood to have been briefing pageant administration groups on Ms Mahon’s transfer on Wednesday morning.

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 significant 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 practically a yr 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 searching a brand new boss.

“I really feel fortunate past perception to have had the prospect to steer Channel 4 for practically eight years – by means of calm seas (only a few) and stormy waters (greater than our justifiable share),” Ms Mahon stated on Monday.

“From navigating the specter of privatisation (twice), to shifting out of London, to digital transformation, lockdowns, political upheaval, promoting chaos – there has by no means been a uninteresting second.”

Channel 4 was in line to be privatised below the final Conservative authorities, with various bidders weighing affords for it earlier than the method was pulled.