Authentic Brands Group (ABG) recently made an impactful move when they tapped former Saks and Tapestry Chief Financial Officer (CFO), David Hopkinson, for the same role on their team. This big decision is sure to have lasting repercussions for the ABG, which remains one of the most influential and cutting-edge companies in the industry. With the help of Hopkinson, ABG will likely reshape the fashion landscape in the coming years. Read on to find out more about this remarkable appointment.
1. New CFO Appointment for Authentic Brands
Authentic Brands is pleased to announce the appointment of Henry Johnstone as their new Chief Financial Officer, effective August 15, 2020.
Johnstone brings over 30 years of experience to Authentic Brands and will lead the Finance and Accounting teams to take the company to new heights. He has worked for some of the world’s most prominent companies such as Blackrock, Morgan Stanley and Bank of America.
Johnstone will bring awesome expertise to his new role, including:
- Extensive experience in managing shareholder assets and investments
- Impressive track record in advising executive teams in strategic growth initiatives
- Strong acumen in corporate finance and financial reporting regulations
Johnstone is recognized for his inspirational leadership style and has held numerous executive positions throughout his career, providing an inspiring example for the Authentic Brands team.
Authentic Brands looks forward to the valuable contributions Johnstone will make in his new role.
2. Former Tapestry and Saks Executive to Take Helm of Financials
Christopher Peterson is set to take the helm at Financials and lead the charge as CFO. Peterson brings with him years of experience in the finance industry, most recently holding the position of CFO for both Tapestry and Saks. He has a wealth of knowledge that makes him an ideal fit for the role.
Peterson’s impressive résumé includes accomplishments such as:
- Repositioning the financials of the retail industry at Saks
- Developing and deploying strategies for growth in the luxury market with Tapestry
- Spearheading initiatives which fostered relationships for long-term benefit
Financials is thrilled to welcome Peterson on board and is sure that he is the perfect man to guide the company into the future with financial intelligence and skill. While some may view his transition as a challenge, Peterson is confident that with his experience, leadership, and vision, the company is sure to reach new heights of success.
3. Proven Executive Bringing Cross-Sector Experience to Iconic Brand
Optimizing Process and Simplifying Workflow
Jeff Solar has a long history of honing existing operations and building successful new business initiatives. As head of a prestigious international fashion house, he rapidly improved its processes, generating cost savings of up to 25%. By streamlining internal structures and using agile principles, he created a workplace of efficiency and productivity. He similarly brought his skills to an iconic media company, where he streamlined operational workflows by 30%. In both cases, Jeff’s initiatives increased profitability and optimized the workflow.
Leading Growth and Securing Legacy
Drawing from his expertise in both the business and creative worlds, Jeff is uniquely qualified to help the iconic brand reach new heights. He has demonstrated his ability to generate growth in multiple sectors, including luxury retail, media, and hospitality. He has worked to ensure that the core values of luxury and quality remain at the forefront of each initiative. He could bring new opportunities to the iconic brand, helping to secure its legacy and bringing it into the modern era without sacrificing its essence.
For Tapestry and Authentic Brands, the pairing is a momentous occasion. With the success of David Grissen, and the newly combined organization, the future looks bright for this brand-building behemoth, and their sights are set on a bejeweled future.
