Chief Operations Officer and Managing Director of Live Nation GSA Matt Schwarz has left his post after nearly a five-year tenure.

“After almost five years I am leaving Live Nation. Today I resigned from office as managing director with immediate effect,” Schwarz told colleagues and industry contacts in a February 19 email. “Thank you for a great time, really enjoyed working with you all. You are a wonderful bunch of people, both on a professional and personal level.”

Schwarz took on his role with entertainment giant in September 2015 upon Live Nation’s acquiring of German company Marek Lieberberg Konzertagentur (MLK). He had previously served as the VP of touring and festivals at MLK.

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“Live Nation and Matt Schwarz have mutually agreed to end their collaboration,” Live Nation GSA said in a statement provided to Pollstar. “Matt Schwarz has resigned as a managing director with immediate effect. Live Nation would like to thank Matt Schwarz for his successful work over many years.”

The team of Carrie McNamera, Matias Muelas and Nastassja Roberts will assume the day-to-day operations that Schwarz handled.

Among Schwarz’s projects with the German-Swiss-Austrian branch of Live Nation was overseeing Metallica’s WorldWired Tour. Under his supervision, Metallica tour dates across the region completely sold out, amounting to more than 486,000 tickets for both stadium and arena gigs. Pollstar reports that the 15 Metallica dates across Germany, Switzerland and Austria grossed more than €42 million, with the top seller being a show at Berlin’s Olympic Stadium.

Schwarz’s exit from the company follows the resignation of Chief Communications Officer Carrie Davis, who announced she is leaving Live Nation to focus on family. Like Schwarz, Davis had also spent nearly five years with the company.