On March 29th, Robert Sillerman officially stepped down as CEO of SFX Entertainment. SFX Entertainment was founded in 2012 and was made to be a live events conglomerate founded by the media entrepreneur Robert F.X. Sillerman. Sillerman was under scrutiny after admitting he did not know much about the industry he bought into.
In Sillerman's farewell letter to his fellow employees, Sillerman stresses the importance of refocusing their energies.
Read Robert Sillerman's farewell letter to his staff below:
As Chairman I remain available to help in any way that I can. I maintain both an emotional and financial interest in our company’s success and intend to participate as and when called upon. As such this is anything but a goodbye; rather a reset of roles with a renewed emphasis on collaborative success. While we aren’t where we wanted to be, and will be, it has been an honor and a pleasure.