Iconix Brand Group Announces Changes To Executive Management Team
Iconix Brand Group, Inc. (Nasdaq: ICON) ("Iconix" or the "Company"), today announced key management changes.
Seth Horowitz has been promoted to Chief Operating Officer. Jeff Lupinacci has been appointed Chief Financial Officer. Warren Clamen is resigning from the Company to pursue other opportunities. Rodney Hutton has joined the Company as Executive Vice President of the Men's Division. "I am pleased to announce this new role for Seth, as well as the addition of Jeff and Rodney to the Iconix team. As we continue to grow our worldwide footprint through our powerful portfolio of brands and new acquisitions, it's critical that we have strong talent in place to ensure the ongoing success of our Company," commented Neil Cole, Chief Executive Officer, Iconix Brand Group. "We would also like to thank Warren for his contributions over the past nine years. During his tenure at Iconix, the Company has grown tremendously and Warren has played an important role in that success."
Mr. Horowitz previously served as the President of the Men's Division for Iconix where he led the transition of the Umbro international business model and reestablished Starter as a premier athletic brand with NFL, NBA and MLB league collaborations. Prior to joining the Company, Mr. Horowitz served as President for Modell's Sporting Goods. Mr. Horowitz began his career at Everlast where he held various roles, most recently Chairman, CEO, & President.
Mr. Lupinacci joins with over 20 years of experience in finance, most recently serving as Global Chief Financial Officer of IPG Mediabrands, the media holding company of Interpublic Group, responsible for managing and investing $37 billion in global marketing dollars on behalf of its clients. While with IPG Mediabrands, he managed finance, technology, and legal operations for 45 offices around the world. He also has extensive experience in M&A due diligence, analysis and negotiation, having led all aspects of a number of acquisitions during his work at IPG Mediabrands, and previous positions in the M&A and Venture Capital group at Koch Industries. Previously, he was Chief Financial Officer, North America, ARC Worldwide, a marketing services partner of Publicis Groupe. He has also held a number of financial positions at JP Morgan Chase & Co.
Mr. Hutton is a 25 year industry veteran. Prior to joining Iconix, Mr. Hutton was Chief Merchandising Officer for Anne Klein Brands where he was responsible for the global merchandising, marketing, licensing, and product development strategy. Prior to that, Mr. Hutton was Principal at Fashion Iconic LLC, an established brand consultancy, where he developed and implemented brand strategies for numerous companies. Mr. Hutton also held head merchant and business positions at Karl Lagerfeld where he was SVP\GM, and Giorgio Armani Corp, where as VP Merchandising, his ten year tenure extended over all Giorgio Armani men's and women's RTW, accessory and licensed product.
About Iconix Brand Group, Inc.
About Iconix Brand Group, Inc. Iconix Brand Group, Inc. owns, licenses and markets a growing portfolio of consumer brands including: CANDIE'S (R), BONGO (R), BADGLEY MISCHKA (R), JOE BOXER (R), RAMPAGE (R), MUDD (R), MOSSIMO (R), LONDON FOG (R), OCEAN PACIFIC (R), DANSKIN (R), ROCAWEAR (R), CANNON (R), ROYAL VELVET (R), FIELDCREST (R), CHARISMA (R), STARTER (R), WAVERLY (R), ZOO YORK (R), ED HARDY (R), SHARPER IMAGE (R), UMBRO (R), LEE COOPER (R), ECKO UNLTD. (R), and MARC ECKO (R). In addition, Iconix owns interests in the ARTFUL DODGER (R), MATERIAL GIRL (R), PEANUTS (R), TRUTH OR DARE (R), BILLIONAIRE BOYS CLUB (R), ICE CREAM (R), MODERN AMUSEMENT (R), and BUFFALO (R) brands. The Company licenses its brands to a network of leading retailers and manufacturers that touch every major segment of retail distribution from the luxury market to the mass market in both the U.S. and worldwide. Through its in-house business development, merchandising, advertising and public relations departments, Iconix manages its brands to drive greater consumer awareness and equity.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995. The statements that are not historical facts contained in this press release are forward-looking statements that involve a number of known and unknown risks, uncertainties and other factors, all of which are difficult or impossible to predict and many of which are beyond the control of the Company, which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward looking statements. Such factors include, but are not limited to, uncertainty regarding the results of the Company's acquisition of additional licenses, continued market acceptance of current products and the ability to successfully develop and market new products particularly in light of rapidly changing fashion trends, the impact of supply and manufacturing constraints or difficulties relating to the Company's licensees' dependence on foreign manufacturers and suppliers, uncertainties relating to customer plans and commitments, the ability of licensees to successfully market and sell branded products, competition, uncertainties relating to economic conditions in the markets in which the Company operates, the ability to hire and retain key personnel, the ability to obtain capital if required, the risks of litigation and regulatory proceedings, the risks of uncertainty of trademark protection, the uncertainty of marketing and licensing acquired trademarks and other risks detailed in the Company's SEC filings. The words "believe", "anticipate", "estimate", "expect", "confident", "continue", "will", "project", "provide" "guidance" and similar expressions identify forward-looking statements. Readers are cautioned not to place undue reliance on these forward looking statements, which speak only as of the date the statement was made. All forward-looking statements are qualified by these cautionary statements and apply only as of the date they are made. The Company undertakes no obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise.
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