18 Jan Authentic Brands Group Hires CFO
Authentic Brands Group (ABG) named Jessica Holscott as chief financial officer. She succeeds Kevin Clarke, founding partner, who has taken a new role as executive vice chairman.
Holscott joins ABG from Warner Media, where she was the executive vice president and chief financial officer of Studios and Networks, bringing financial management, strategic planning, operations, mergers and acquisitions experience to her new role. Before joining Warner Media, Holscott was executive vice president and CFO at HBO, senior vice president of Investor Relations and Merger Planning at Warner Media and the CFO of GE Asset Management at GE Capital.
As CFO, Holscott will lead ABG’s finance team and partner with its executive leadership, driving financial strategy and fiscal performance. She will work with company investors, audit committee, lenders, and external constituents from ABG’s New York City headquarters, reporting to Founder, Chairman and CEO Jamie Salter.
“We are thrilled to welcome Jessica to Authentic,” Salter said. “Jessica has a proven track record of driving revenue and profitability at scale with the industry’s most formidable companies. Her financial acumen, strategic mindset and operational experience will be a valuable asset as we continue to grow our portfolio and drive business around the world.”
Kevin Clarke joined ABG shortly after Salter founded the business in 2010, with more than 20 years of financial training and expertise. As executive vice chairman, Clarke will continue to partner closely with Salter, the board and ABG’s leadership team on new acquisitions and strategic business.
“On behalf of the entire Authentic family, I want to thank Kevin for his countless contributions throughout his 12 years as CFO of the organization,” Salter added. “A devoted and strategic leader, Kevin has been instrumental in the evolution of the Authentic platform, including several transformative acquisitions and private equity partnerships made possible by our financial discipline. I look forward to working with Kevin in his new capacity as executive vice chairman and am confident that we are handing over the CFO reins to a strong successor.”
ABG’s brands include Marilyn Monroe, Elvis Presley, Muhammad Ali, Shaquille O’Neal, David Beckham, Dr. J, Greg Norman, Neil Lane, Thalia, Sports Illustrated, Reebok, Eddie Bauer, Spyder, Volcom, Airwalk, Nautica, Izod, Brooks Brothers, Barneys New York, Judith Leiber, Ted Baker, Hervé Léger, Frye, Juicy Couture, Vince Camuto, Lucky Brand, Aéropostale, Forever 21, Nine West, Jones New York, Tretorn, Prince, Van Heusen, Arrow, Hickey Freeman, Hart Schaffner Marx, and Thomasville.