Michael Gudinski's son Matt takes over as CEO of the Mushroom Group

Mushroom Group announced on Friday that Matt Gudinski will assume the role of CEO of the Mushroom Group, effective immediately. Passing the torch: Michael Gudinski's son Matt has taken over as CEO of the Mushroom Group following his father's sudden death last month at the age of 68 While Matt was literally born into the business, he officially joined Mushroom Group in 2003 at the age of 17. The sudden death of Michael Gudinski last month had raised questions about the future of the Mushroom Group entertainment empire he founded in 1972. Mushroom Group is the largest independent music and entertainment company in Australia and New Zealand, and is home to Frontier Touring, Chugg Entertainment, eight record labels and at least a dozen other specialist divisions. Pictured with Midnight Oil frontman Peter Garrett and ABC News Breakfast presenter Michael Rowland 'He founded the Mushroom Group in 1972 at just 20 years old, which flourished into Australia's largest independent entertainment group covering touring, record labels, publishing, merchandising, booking agencies, film and television production and creative services.