NexCen Brands appoints new Chief Financial Officer

17 Nov '08

4 min read

NexCen Brands Inc announced the appointment of a new Chief Financial Officer as well as several other key executive management promotions and appointments. These management changes, which primarily backfill open positions, will be critical to the organization as the Company continues to focus on strengthening and growing its core franchise business.

Mark Stanko has been appointed Chief Financial Officer of NexCen Brands, Inc. Stanko currently serves as Chief Financial Officer of NexCen's subsidiary, NexCen Franchise Management, Inc., a position he has been in since joining the Company in April 2008.

Stanko has more than 20 years of demonstrated financial and operations leadership across a broad range of industries. He has extensive experience in financial and strategic planning, audit and compliance, multi-location operations and cross-functional team leadership. Previously, Stanko served as Regional Controller of Levitt Corporation, a public company.

He is a CPA and began his career at Ernst & Young LLP where he held positions of increasing responsibility over 16 years. In his new role, Stanko will be responsible for financial reporting and planning, and managing SEC compliance. He will also maintain his responsibilities for NexCen Franchise Management.

“I am very excited that Mark will be taking on additional responsibilities as Chief Financial Officer of NexCen Brands,” stated Kenneth J. Hall, Chief Executive Officer of NexCen Brands. “He has made an immediate positive impact on our franchising business since joining earlier this year and has quickly immersed himself across all areas of the organization. In doing so, he has proven that he is a strong financial leader with the proper skill set to assist the Company in improving its financial management and reporting.”

Other Key Executive Management Promotions and Appointments
William Dolan has been appointed to the new position of Assistant Controller of NexCen Brands, Inc. Dolan is a CPA and has more than 25 years of financial experience. Most recently, he served as Vice President of Finance and Controller for Achim Importing Co Inc. Previously, Dolan held the positions of Treasurer and Secretary, also at Achim Importing Co. At NexCen, Dolan will be responsible for assisting in the corporate accounting operations and SEC reporting.

Martin Amschler has been promoted to Chief Development Officer for NexCen Franchise Management. Amschler has more than 17 years of sales and development experience, including the last nine years in the franchise industry. Most recently at NexCen Franchise Management, Amschler held the position of Executive Vice President of International Development and prior to that was Senior Vice President of Development.

Amschler joined the Company upon the Company's acquisition of The Athlete's Foot in November 2006. He joined The Athlete's Foot in 1998 and held several senior leadership positions, including overseeing new business development, which contributed to the significant growth of this franchise brand.

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