Authentic Brands Group Appoints Chief Financial OfficerAuthentic Brands Group Appoints Chief Financial Officer

Authentic Brands Group, a global brand development, entertainment and marketing platform, has appointed Jessica Holscott as chief financial officer. Holscott succeeds Kevin Clarke, founding partner and longtime company leader, as he assumes a new position as executive vice chairman.

"I am excited to join the Authentic team and enhance the company's strategic expansion and growth plans," says Holscott. "Authentic has a strong market position with significant global opportunities. I look forward to working with Jamie, the executive group and the Finance team in their collective efforts to execute market-specific initiatives and enhance value for all shareholders."

Holscott joins Authentic from Warner Media, where she served as executive vice president and chief financial officer of Studios and Networks. With deep roots in the entertainment industry and blue-chip consumer companies, Holscott brings a wealth of experience and knowledge in financial management, strategic planning, operations and mergers and acquisitions. Before joining Warner Media, Holscott held several leadership roles, including executive vice president and chief financial officer at HBO; senior vice president, investor relations and merger planning leader, Warner Media and chief financial officer, GE Asset Management at GE Capital.

Related:Authentic Brands Group Announces Partnership with GCE International

Holscott will lead Authentic's finance teams in her new role and partner with Jamie Salter, founder, chairman and chief executive officer, Authentic, and executive leadership to drive sustainable, long-term value creation through financial strategy and fiscal performance. She will interface closely with the company's investors, audit committee, lenders and other external constituents. Holscott will be based in Authentic's New York City headquarters and report directly to Salter.

"We are thrilled to welcome Jessica to Authentic," says Salter. "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."

Holscott succeeds Kevin Clarke, who takes on a new role at Authentic as executive vice chairman. Clarke joined the company shortly after Salter founded it in 2010. With more than 20 years of financial training and expertise, Clarke helped establish a capital-light, high-margin business model that continues to serve as the foundation of the company today. As executive vice chairman, Clarke will continue to partner closely with Salter, the board and Authentic's leadership team on new acquisitions and strategic business matters.

"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," says Salter. "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."