Iconix announces leadership changes
Mr. Cole has agreed to serve as a special advisor to the Company through September 30, 2015 to assist with the transition. He thereafter intends to pursue other business opportunities.
Iconix board member Peter Cuneo has been appointed Chairman of the Board and Interim CEO.
Mr. Cuneo has served on Iconix's Board since October 2006 and previously was the President and Chief Executive Officer of Marvel Entertainment.
Mr. Cuneo is currently the Managing Principal of Cuneo & Company, LLC, a private investment and management company, in which his sons, Gavin and Colin are partners. In recent years, Mr. Cuneo has also served as senior advisor to a large distressed and special situations hedge fund co-investing in select private companies in the consumer and media sectors.
Previously, Mr. Cuneo was President and CEO of Remington Products Company. He joined the company as it was near bankruptcy and, in less than four years, executed a successful turnaround of the business and facilitated its sale to private equity investors.
He has also served as President of the Security Hardware Group of the Black & Decker Corporation, President of Bristol-Myers Squibb Pharmaceutical Group in Canada and President of the Clairol Personal Care Division.
Mr. Cuneo is a recognized leader in business turnarounds. Since 1983, he has completed seven turnarounds of distressed branded businesses in the global media and consumer products sectors. From 1999 to 2009, Peter played a lead role in the turnaround of Marvel Entertainment Inc.
As President and CEO, he led Marvel, post bankruptcy, to a prominent position in the entertainment industry. He then served as Vice Chairman of the Board. This culminated in its sale to Disney at the end of 2009.
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).
Mr. Cuneo currently sits on the Board of the Foundation for The National Archives Foundation in Washington, DC as Co-Head of the Development Committee. He previously was Co-Head of the Nominating Committee. He served two tours as a Lieutenant in the U.S. Navy in the Vietnam War. ■