Live Nation has followed up Michael Rapino’s contract extension by securing the long-term futures its three other most senior executives, Joe Berchtold, Michael Rowles and Kathy Willard.

Each extension agreement will run through until 2022, which follows the new deal signed by chief executive Rapino earlier this week.

Former chief operating officer Berchtold has been appointed president, a role also held by Rapino.

Rowles will continue in his positions as executive vice-president, general counsel and secretary, while Willard will remain as executive vice-president and chief financial officer.

Under the new contract, Berchtold will reportedly receive a base salary of $1.3m (£972,000/€1.09m) annually, along with 200 per cent performance bonus and a grant of 100,000 restricted shares and 300,000 performance-based shares.

Meanwhile, Rowles will receive a base salary of $800,000, a 100 per cent performance bonus and 25,000 restricted shares, while Willard receives a $950,000 base salary, a 100 per cent performance bonus, 50,000 restricted shares and a grant of 50,000 options to purchase Live Nation common stock.

Rapino agreed a new five-year deal worth $9m per annum earlier this week. He became chief executive of Live Nation in 2005 and took up the same role with the newly formed Live Nation Entertainment after the merger with Ticketmaster in 2010.