![]() Dan Hanbridge, who has been serving as interim CFO, left the company, as expected on November 16. He also noted that Chad Wagenheim remains president and Lorraine DiSanto, previously CFO of Herman Miller Group’s retail segment has joined the company as CFO. ”I want to thank former CEO, David Conn, who recently departed the company.” “I have assumed the role of executive chairman and principal executive officer replacing the CEO position going forward,” said Sweedler. In June 2019, it sold Martha Stewart Living Omnimedia for $166 million in cash to help pay down debt, although that price was significantly below the $353 million it paid for the business in 2015.Ĭonn’s exit was confirmed by William Sweedler, Sequential’s chairman, on its third-quarter conference call with analysts. The strategic review came as the company has struggled with sales growth and a heavy debt load. Stifel has been hired its exclusive financial adviser to help in the process. Last October, the brand management firm announced that Karen Murray had stepped down as director and CEO while also announcing that it was conducting a broad review of strategic alternatives, including the divestiture of one or more existing brands, the acquisition of one or more new brands, a stock buyback program, or other initiatives. Previously, he served as CEO of ThreeSixty Brands, where he played a significant role in acquiring and relaunching the FAO Schwarz and Sharper Image brands. Other brands owned by Sequential Brands include Joe’s, Ellen Tracy, Jessica Simpson, William Rast, Heely’s, Caribbean Joe, DVS, and The Franklin Mint.Ĭonn had been appointed CEO in January 2020. Sequential Brands Group reported its recently-hired CEO, David Conn, had departed as the brand-management company reported its active brands, AND1, Gaiam, SPRI, and Avia, again outperformed in the third quarter.
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