StockNews.AI
VENU
StockNews.AI
42 days

Venu Holding Corporation Appoints Tom Ashley to President of Real Estate and Development

1. Tom Ashley appointed President for Venu's expansion strategy. 2. VENU aims to enter eight new markets annually over three years. 3. Ashley previously held leadership roles in commercial banking. 4. Company focuses on upscale live music venues and premium hospitality. 5. Strategic partnerships enhance VENU's market positioning.

6m saved
Insight
Article

FAQ

Why Bullish?

The new leadership position could drive significant expansion, historically linked to stock performance. Similar past appointments in growth-oriented companies often led to stock price increases.

How important is it?

The leadership change is likely to significantly impact VENU's operational strategy and expansion capabilities, making it highly relevant.

Why Long Term?

The expansion strategy will unfold over three years, potentially leading to sustained earnings growth and increased investor confidence.

Related Companies

AEGLYVCZR
COLORADO SPRINGS, Colo.--(BUSINESS WIRE)--Venu Holding Corporation (“VENU” or the “Company”) (NYSE American: VENU), a developer, owner, and operator of upscale live music venues and premium hospitality destinations, today announced the appointment of Tom Ashley to President of VENU Real Estate and Development. Ashley will lead on accelerating VENU’s nationwide expansion, which reflects the company’s commitment to growth in key markets across the country.Ashley will oversee all real estate acquisitions, construction financing, and project developments, along with shepherding the three-year exclusive expansion agreement with Ryan, LLC tasked with delivering eight new markets annually.Share Drawing from his vast background in commercial banking and management, Ashley brings expertise in financing, real estate transactions, relationship building, and leadership to VENU as the company continues to rapidly scale its operations. In his new role, Ashley will oversee all real estate acquisitions, construction financing, and project developments, along with shepherding the three-year exclusive expansion agreement with Ryan, LLC which is tasked with delivering eight new strategic markets annually nationwide. Ashley previously served as the CEO of HighAltitude Equipment in Colorado Springs and prior to that held executive leadership roles at two regional banking institutions in Colorado and Kansas. “This role is a once-in-a-lifetime opportunity for my family and me,” said Tom Ashley, President of VENU Real Estate and Development. “I’m excited to help bring VENU’s vision to life by building iconic, state-of-the-art facilities that communities can be proud of for years to come. VENU has the talent and leadership necessary to make a lasting impact wherever it plants roots, and I look forward to contributing to that.” “Tom and I have known each other for nearly a decade,” said J.W. Roth, Founder, Chairman, and CEO of VENU. “He brings seasoned expertise, deep relationships in real estate finance, and a strong understanding of the development process. Here’s the deal, this division is pushing out billions of dollars of our national expansion over the next 36-months significantly impacting our balance sheet. Tom is the right person to lead this rapid growth, and we couldn’t be more excited to tap him for this key position.” As part of a deliberate, multi-pronged strategy to scale with precision, Ashley plays a key role in VENU’s newly launched initiative to strengthen its organizational pillars as the company accelerates its national expansion. VENU’s long-term vision to bring unparalleled venues to high-growth, underserved markets while democratizing ownership in the live entertainment industry is revolutionizing the space. Through innovative investment structures, ranging from real estate offerings to public market participation, VENU empowers fans and investors to get in on the ground floor of a fan-founded, fan-owned movement. This leadership evolution reflects VENU’s commitment to sustainable, scalable expansion. aligning entertainment innovation with asset-backed development to deliver lasting value for shareholders. ABOUT VENU HOLDING CORPORATION: Venu Holding Corporation (“VENU”) (NYSE American: VENU), founded by Colorado Springs entrepreneur and 2023 VenuesNow All-star, J.W. Roth, is a premier hospitality and live music venue developer dedicated to crafting luxury, artist-centric, experience-driven entertainment destinations. VENU’s campuses in Colorado Springs, Colorado, and Gainesville, Georgia, each feature Bourbon Brothers Smokehouse and Tavern, The Hall at Bourbon Brothers, and unique to Colorado Springs, Notes Eatery and the 9,570-seat Ford Amphitheater. Expanding with new multi-season Sunset Amphitheaters in Oklahoma and Texas, VENU’s upcoming large-scale venues will host between 12,500 and 20,000 guests, continuing VENU’s vision of redefining the premium live entertainment experience. Click here to view our company overview. VENU has been recognized nationally by The Wall Street Journal, The New York Times, Denver Post, Billboard, VenuesNow, and Variety for its innovative and disruptive approach to live entertainment. Through strategic partnerships with industry leaders such as AEG Presents and NFL Hall of Famer and Founder of EIGHT Elite Light Beer, Troy Aikman, VENU continues to shape the future of the entertainment landscape. For more information, visit VENU’s website, Instagram, LinkedIn, or X.

Related News