Special events business news

People on the Move

A.C. Lighting Inc., distributor of world-class lighting and rigging technologies, announced Eric Druker’s promotion to Market Manager, Film & Broadcast. In his five years with A.C. Lighting Inc. Druker has successfully developed the Film and TV market for the company, growing market share not only for the company but also for its exclusive suppliers and loyal customer base. In this newly created role, Druker will be working with clients in the Film and Broadcast market segment to understand their specific needs and work with them to provide solutions.  

A.C. Lighting Inc. also announced the promotion of Shane Shah to Brand Manager of AUDAC and CAYMON product lines. Shah joined the company in August 2021 as a Senior Electronics Service Technician and will be working with both internal and external stakeholders to increase the value, performance, and market penetration of AUDAC and CAYMON products by planning, developing, and executing marketing strategies and campaigns. 

Associated Luxury Hotels International (ALHI), a luxury global sales organization spanning the spectrum of hospitality, is expanding its Strategic Consulting Services (SCS) division with the addition of talent management veteran Karen Richardson. Bringing over three decades of global experience to the growing SCS division, Karen supports the full spectrum of talent needs through customized plans and growth strategies. From new leaders to the C-suite and Board of Directors, she builds upon the collective strength of an organization by emphasizing each professional’s competitive advantage. With a breadth of experience in talent management, C-suite and Board engagement, cultural transformation, organizational development, succession planning, and performance management, Karen brings a holistic perspective to coaching, training, and developing all leaders. 

Hot off the Press

Cvent Holding Corp. (“Cvent”) (Nasdaq: CVT), an industry-leading meetings, events and hospitality technology provider, has announced that it has entered into a definitive agreement to be acquired by an affiliate of private equity funds managed by Blackstone (“Blackstone”) in a transaction valued at an enterprise value of approximately $4.6 billion. Cvent’s comprehensive suite of technology solutions powers the entire event management process to maximize the impact of events. Cvent has approximately 22,000 customers globally in the corporate, non-profit, higher education and hospitality sectors as of December 31, 2022. Since its founding in 1999, Cvent has helped manage more than 5 million events, and lists over 302,000 hotels and venues as of December 31, 2022 on the Cvent Supplier Network, an online platform with tools to search, negotiate and contract with hotels and venues for event space.