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Peter Cuneo takes over as Iconix Chairman

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Peter Cuneo takes over as Iconix Chairman

By Prachi Singh

Aug 7, 2015

The Board of Directors of Iconix Brand Group has announced that Neil Cole is stepping down from his positions as Chief Executive Officer, Chairman and President and as a member of the Board of Directors. He will serve as a special advisor to the company through September 30, 2015 to assist with the transition. Iconix board member Peter Cuneo has been now been appointed Chairman of the Board and Interim CEO.

Cuneo has served on Iconix's board since October 2006 and previously was the President and Chief Executive Officer of Marvel Entertainment. The board has formed a search committee to evaluate candidates to serve as the company's next CEO and will be engaging a leading executive search firm to assist in the process.

Commenting on Cole’s exit, Cuneo said, “Neil Cole is a pioneer in our industry and as founder of this company has overseen its significant growth for the past 10 years. Under Neil's leadership, Iconix has acquired over 35 iconic consumer brands creating a diversified and powerful portfolio.”

Cole served as the company's Chief Executive Officer, Chairman and President since he founded Iconix in 2005.As part of announcement, Sue Gove, who joined the Iconix board in 2014, was named Chair of the Audit Committee, a position formerly held by Cuneo. In addition, Drew Cohen has been named Lead Director. He has served on the Iconix board since 2004.

Cuneo is currently the Managing Principal of Cuneo & Company, a private investment and management company, in which his sons, Gavin and Colin are partners. Cuneo & Co. is focused on making investments in private companies within the consumer, retail and entertainment oriented industries. Some current investments of the company include Valiant Entertainment, Herotainment, West World Media and RangeWorks, among others. 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.