Genuine Manufacturers Group has employed former WarnerMedia exec Jessica Holscott as Chief Monetary Officer.
She succeeds Kevin Clarke, founding accomplice and longtime firm chief, who’s turning into the corporate’s Government Vice Chairman.
Genuine has a portfolio of a number of dozen leisure, media and way of life manufacturers (amongst them Marilyn Monroe, Elvis Presley and Muhammad Ali, plus attire makers like Brooks Brothers and Reebok) producing $23 billion a 12 months in retail gross sales in 150 international locations.
At WarnerMedia, Holscott was EVP and CFO of Studios and Networks. She beforehand held exec roles at HBO and GE Capital.
As CFO of Genuine, Holscott will lead the corporate’s finance groups and work with founder, chairman and CEO Jamie Salter and the manager group to form monetary technique and monetary efficiency. She will likely be primarily based within the firm’s New York Metropolis headquarters and report on to Salter.
“We’re thrilled to welcome Jessica to Genuine,” Salter mentioned. “Jessica has a confirmed monitor file of driving income and profitability at scale with the trade’s most formidable corporations. Her monetary acumen, strategic mindset and operational expertise will likely be a beneficial asset as we proceed to develop our portfolio and drive enterprise around the globe.”
“I’m excited to hitch the Genuine group and improve the corporate’s strategic growth and progress plans,” mentioned Holscott. “Genuine has a powerful market place with important world alternatives. I stay up for working with Jamie, the manager group and the Finance group of their collective efforts to execute market-specific initiatives and improve worth for all shareholders.
