The surprise exit of Nathan Hubbard as Global President of Ticketmaster was made official on Friday, ushering in a new era for the world’s largest ticketing company and subsidiary of Live Nation Entertainment.

His departure from the company was confirmed in a regulatory filing.

Ticketmaster North American President Jared Smith, promoted in December of last year from COO, will remain in that position, but will assume many of Hubbard’s responsibilities.

Read the full story: Billboard