Following a wave of executive departures in recent months, TicketsNow is poised to add one back. The nation’s second-largest secondary ticket company behind StubHub, according to TicketNews’s exclusive rankings, is currently advertising for a new Vice President of Finance to fill the role vacated with the departure of Sridhar Murthy who left the company in March.
Murthy had been chief financial officer (CFO) at TicketsNow and was promoted to chief operating officer in April, 2007, at which time he was responsible for both roles. Though there have been other hires over the past several months, the new VP of Finance position will mark one of the first senior level hires at TicketsNow since the company was bought by Ticketmaster earlier this year. At the time of the acquisition, Ticketmaster said it was retaining the company’s senior management team under CEO Cheryl Rosner, but several people have left the company as Ticketmaster continues to define the role of TicketsNow in the secondary ticket industry.
Both companies are still sorting out their relationship, as evidenced by the recent meeting with ticket brokers the two staged in Las Vegas in May. In fact, the new VP of Finance will jointly report to Rosner and Ticketmaster’s CFO.
Before it was pulled from the site, the ad on Monster.com read in part: “We are currently seeking a Vice President of Finance who will serve as the key financial lead for TicketsNow and will provide oversight, leadership and direction for the Finance & Accounting function. As a key member of the executive team, the VP of Finance will report jointly to the CFO of Ticketmaster and the CEO of TicketsNow. This is an exceptional opportunity to contribute to an exciting and critical chapter in TicketsNow’s growth and success.”
A TicketsNow spokesperson did not respond to questions about the position.