Xsovt Brands names Stephen Brown as CFO
US-based Xsovt Brands, a new lifestyle brand and footwear company, has announced that it has hired Stephen Brown as executive vice president, CFO, treasurer and secretary.
The company was created on 26 January, 2011 when the company acquired Oceanside, New York-based Xsovt.
Mr Brown joins a growing senior executive management team at Xsovt, which now includes Mr Brown, Arte Nathan as executive vice president and chief people officer and Avi Koschitzki, Xsovt’s founder, president and CEO. Xsovt’s other key managerial hires have included Jeanne McPhillips Dolan as vice president of strategy and planning.
Mr Brown’s short-term goals will include the establishment of Xsovt’s public company accounting and finance functions, implementation of corporate governance programs and assisting the entire Xsovt team with the development and anticipated August 2011 launch of Xsovt’s new footwear line, as well as the general rollout of Xsovt’s brand, operations and information technology systems.
“We once again find ourselves very fortunate to be able to attract an outstanding senior management talent in Steve, which we believe speaks volumes of everything we are trying to build at Xsovt,” stated Mr Koschitzki. “Steve’s hiring adds an important piece to our senior management team, as having a high quality, experienced public company CFO is of upmost importance for any public company, but especially one like ours that has so much promise but is still at an early stage of development. We are confident that under Steve’s proven leadership, many of our critical public company functions, from accounting and finance to the development of our strategic plan, will be in very good hands. Equally as important, we believe Steve’s sense of entrepreneurship and achievements of working with growing companies will serve our company well.”
Commenting on his appointment, Mr Brown said: “I am excited to work with the talented group of executives, managers and staff that Xsovt is assembling. I look forward to utilizing my financial and executive experience and applying these skill sets to the growth of the company as well as the entrepreneurial culture that Xsovt has facilitated.”
