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Iconix Brand Group announces leadership changes
07
Aug '15
The Board of Directors of Iconix Brand Group, Inc., a leading premier brand management company and owner of a diversified portfolio of strong global consumer brands across fashion, sports, entertainment and home, have announced leadership changes to the company profile.

Neil Cole is stepping down from his position as chief executive officer, chairman and president and as a member of the Board of Directors. Mr. Cole would serve as a special advisor to the Company through September 30, 2015 to assist with the transition.

Iconix board member Peter Cuneo has been appointed as the chairman of the Board and interim CEO. Cuneo has served on Iconix's Board since October 2006 and previously was the president and chief executive officer of Marvel Entertainment, according to a press release.

Cuneo is currently the managing principal of Cuneo & Company, LLC, a private investment and management company. In addition to serving as chairman of the Board of Directors of Iconix Brand Group, he has been a board member of public and private companies such as Marvel Entertainment Inc., WaterPik Technologies Inc. (Chairman of the Audit Committee), and Remington Products Company (private).

He currently sits on the Board of the Foundation for The National Archives Foundation in Washington, DC as Co-Head of the Development Committee. He received his MBA from Harvard Business School and holds a B. S. in Glass Science (Ceramic Engineering) from Alfred University, where he has served on the Board of Trustees since 1990.

Cuneo said, “Iconix is a great company and I am excited about the opportunity to work with our senior leadership and Board of Directors as we look to our next phase of growth and development. The Board believes strongly in the future of Iconix's underlying business, as signified by its diversified portfolio of iconic consumer brands, outstanding global licensing network, and strong free cash flow generation.”

Also, Sue Gove, who joined the Iconix board in 2014, was named chair of the Audit Committee, a position formerly held by Cuneo. In addition, Drew Cohen has been named lead director. He has served on the Iconix board since 2004. (GK)

Fibre2Fashion News Desk – India

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