Iconix Brand Group Inc.
) recently announced the appointment of a new chief financial
officer (CFO) and a chief operating officer (COO). The company
also made some changes to its executive team.
This clothing brand licensing company appointed Jeff Lupinacci
as its new CFO. With 20 years of experience in finance, Lupinacci
was one of the strong contenders for the position. Currently, he
works as the Global Chief Financial Officer of IPG Mediabrands,
the media holding company of
The Interpublic Group of Companies, Inc
) and manages finance, technology, and legal operations for 45
offices around the world. In addition, he has extensive
experience in M&A due diligence, analysis and negotiation. He
also held leadership positions in ARC Worldwide, a marketing
services partner of Publicis Groupe S.A. and at
JP Morgan Chase & Co.
Lupinacci will replace Warren Clamen, who has been the CFO of
Iconix since March 2005. Clamen also held positions of Executive
Vice President and Principal Accounting Officer at Iconix. He has
been associated with the company for over nine years and has
played an important role in the company's growth owing to his
experience in the areas of finance, operations and information
technology and licensing. Clamen is leaving the company to pursue
Iconix also announced the appointment of Seth Horowitz as its
new COO. Horowitz, currently serving as the President of the
Men's Division for Iconix, has in-depth knowledge of the
company's operations and has executed the transition of the Umbro
international business model and re-established the Starter brand
as a premier athletic brand with NFL, NBA and MLB league
collaborations. Prior to joining Iconix, Horowitz served as
President for Modell's Sporting Goods.
Rodney Hutton also joined Iconix as Executive Vice President
of the Men's Division. Hutton is currently serving as Chief
Merchandising Officer for Anne Klein Brands and has been
responsible for implementing brand strategies for numerous
Overall, the company has a strong brand portfolio and we
believe Iconix's strategic acquisitions and consistent expansion
of licensing agreements will help it maintain strong business in
the U.S., Europe and in the emerging markets. The company also
has a strong balance sheet, implying enough liquidity.
Iconix sports a Zacks Rank #1 (Strong Buy).
Another Stock to Consider
Another stock which is worth considering is
Skechers USA Inc.
) with a Zacks Rank #2 (Buy).
ICONIX BRAND GP (ICON): Free Stock Analysis
INTERPUBLIC GRP (IPG): Free Stock Analysis
JPMORGAN CHASE (JPM): Free Stock Analysis
SKECHERS USA-A (SKX): Free Stock Analysis
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