AUTHENTIC BRANDS GROUP MAKES TWO EXECUTIVE PROMOTIONS

As it continues to add dimension to its portfolio and implement new business models, Authentic Brands Group (ABG) has announced the promotions of Jarrod Weber to president of Brand and Corey Salter to president of Celebrity & Entertainment.

Weber joined ABG in March 2014, after practicing corporate and intellectual property law for eight years at Katten Muchin Rosenman LLP. Throughout his tenure at ABG, he has driven strong growth for the portfolio through strategic category and retail expansion across the luxury, specialty, department store, mid-tier, and e-commerce channels. In his new role, Weber will lead the company’s Lifestyle and Celebrity & Entertainment brand management teams as they continue to work closely with ABG’s operating and distribution partners to drive the success of its brands.

Salter joined ABG in 2012 when the company was in its infancy and has played an integral role in relaunching and repositioning a number of the company’s brands through strategic category expansion, collaborations, and media and entertainment partnerships. As president, Salter will spearhead all Celebrity & Entertainment business efforts and oversee the pillar’s brand management groups in tandem with Weber.

Additionally, Nicholas F. Martire, president of International, will remain at the helm of ABG’s international growth initiatives, opening new offices and expanding teams in key markets including Shanghai, Mexico City, and London. Weber and Salter will work together on business development for the U.S., maintaining ABG’s strong momentum, as well as coordinating with Martire on international efforts. Weber, Salter, and Martire will continue to report directly to Nick Woodhouse, president and CMO of ABG.

ABG has experienced remarkable growth in the last year. The addition of new brands, world-class talent, and most recently, the opening of its Shanghai headquarters, have brought the company closer to its goal of achieving $10 billion in annual retail sales by 2020, with 50 percent being generated by international business.