Jun 29, 2026 – 4.54pmThe new chief executive of Australian ticketing giant TEG has embarked on a major restructuring and cost-cutting exercise less than a month after the exit of Brad Banducci and as its owner, private-equity giant owner Silver Lake, mulls its options for the business.TEG, which owns Ticketek, named its long-time executive and former chief operating officer, Cameron Hoy, to the top role in May. He took over on June 1 after Banducci, a former chief executive of Woolworths, abruptly left the business after the loss of two major contracts cut its share of the ticketing market.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
Ticketek owner to cut jobs, restructure as contract losses bite
Cameron Hoy, who took over from former chief executive Brad Banducci less than a month ago, is eliminating dozens of roles to “simplify our operating model”.
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