Undercover restructures management after BMG exit

German promoter Undercover has announced a restructure after record label BMG sold its controlling stake in the company.

BMG acquired a majority stake in the Brunswick-based firm in October 2020 but announced earlier this month it had agreed a deal for Undercover – along with its other live business Karo – to be transferred back to the minority shareholders

Undercover managing partner Michael Schacke reacquired 51% of the shares from the Berlin-based music giant to once again become the sole shareholder, and has now appointed long-time employee Rilana Sandelmann to the management board as MD.

Sandelmann, who previously headed up the marketing & communications department, has been with Undercover since 2014 and will also take over its ticketing division and drive forward the expansion of its brand partnership arm.…

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