Iconix Brand Names John Haugh As CEO, Interim CEO Will Transition To Executive Chairman

Iconix Brand Group Inc (NASDAQ: ICON) announced after Tuesday's market close that it has named John Haugh as CEO, effective April 1.

The company's announcement helped Iconix Brand's stock gain 1.05 percent during Tuesday's after-hours trading session.

Haugh will also assume the title of President and member of the Board of Directors, effective immediately. The executive brings more than 30 years of experience at leading premier global brands and retail businesses, including Luxottica S.p.A., Build-A-Bear Workshop, Inc. and Mars, Inc. He also sits on Aeropostale Inc's Board of Directors and serves on the Board of Trustees for the International Council of Shopping Centers.

Iconix Brand's Interim CEO, Peter Cuneo, will transition to Executive Chairman of the Iconix Brand's Board of Directors.

"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."