The Board of Directors of Iconix Brand Group, Inc. (Nasdaq: ICON) ("Iconix" or the "Company") today announced that John N. Haugh has been appointed President and a member of the Board of Directors effective February 23, 2016. Mr. Haugh will become Chief Executive Officer of Iconix on April 1, 2016. At that time, Interim CEO Peter Cuneo will transition to Executive Chairman of the Iconix Board.
Mr. Haugh is a proven executive with more than 30 years of experience leading premier global brands and retail businesses at highly respected companies, including Luxottica S.p.A., Build-A-Bear Workshop, Inc. and Mars, Inc. In his role as President of Sun, Luxury and Retail Services for Luxottica Retail, N.A., he led more than 14,000 Sunglass Hut associates; managed the Luxottica and Macy's, Inc. license operations business; directed the luxury optical business; and managed real estate, design and construction for Luxottica Retail, N.A.
"Our Board has identified in John a talented and experienced executive who can focus Iconix on accelerating organic growth with our portfolio of brands and on exploring opportunities for new acquisitions," said Interim CEO of Iconix, Peter Cuneo. "During the past six months, I have worked closely with our management team to diligently review our operations, to focus on refinancing our maturing 2016 convertible notes and to work with the SEC to conclude its comment letter process. We are well positioned for the next stage of growth under John's leadership, and when I transition to Executive Chairman on April 1, my focus will shift to areas of need where I can best help the company."
Said Mr. Haugh, "It is an honor to take on the leadership of Iconix Brand Group. The company occupies a position of prominence in the industry and holds a tremendous portfolio of iconic brands that account for approximately $13 billion of retail sales globally. I look forward to leading a talented management team committed to our next stage of growth as we work with our retail partners to help them maximize the strength that the Iconix brands can bring to their businesses."
About John Haugh
Mr. Haugh's leadership experience across global brands and retailers spans more than 30 years. Prior to joining Luxottica in 2011, Mr. Haugh was President of Build-A-Bear Workshop, Inc. Before joining Build-A-Bear, he served as President of the Mars Retail Group for Mars, Inc. Mr. Haugh previously held senior marketing, strategy and sales leadership roles with Payless ShoeSource, Inc., Universal Studios, Inc. and General Mills, Inc.
Mr. Haugh is a member of the board of directors of Aeropostale, Inc. and serves on the Board of Trustees for the International Council of Shopping Centers. He obtained a Bachelor of Arts degree from the University of Wisconsin-Madison and an MBA from the International Institute of Management Development (IMD) in Lausanne, Switzerland.
In connection with Mr. Haugh's appointment, the Iconix Brand Group Board of Directors was assisted by leading executive search firm, Herbert Mines Associates.