Kartoon Studios has appointed finance veteran Brian Parisi as its Chief Monetary Officer, following former Chief Monetary Officer Bob Denton’s transition to Government Vice President, Finance & Accounting. Kartoon Studios produces, distributes, markets, licenses, and creates leisure manufacturers for youngsters.
Parisi brings with him expertise from a number of monetary and company improvement positions throughout the entertainment and media industries and most lately served because the Chief Monetary Officer at Break the Ground Productions previous to becoming a member of Kartoon Studios. In his former position, Parisi was liable for overseeing the evaluation of mergers and acquisitions, in addition to danger administration.
“I’m honored to affix Kartoon Studios at this thrilling time within the firm’s development. I stay up for collaborating with the manager staff, as the corporate implements a complete technique to drive revenues and improve profitability,” Parisi says. “I see the potential for creating extra working efficiencies and rising long-term shareholder worth. I’m optimistic about what lies forward for Kartoon Studios and stay up for taking part in an lively position in its future success.”
Parisi additionally served because the Chief Monetary Officer on the NFL Corridor of Fame Village, the place he oversaw a variety of monetary actions. This included monetary reporting, money administration, and tax compliance. Parisi has held management positions at Warner Bros. Leisure, Stay Nation Leisure, and Universal Studios as nicely.
“It’s my privilege to welcome Brian to our high-caliber govt staff. At this pivotal second in Kartoon Studios’ evolution, Brian’s specialised talent set in monetary administration, coupled along with his wealthy expertise within the leisure business, couldn’t be extra well timed or related,” says Andy Heyward, Chairman and Chief Government Officer of Kartoon Studios. “As an organization, we’ve got been steadfast in our dedication to streamline operations with a meticulous eye on value management, aiming for long-term, sustainable development and profitability. In step with these objectives, we’re within the midst of executing a complete technique to cut back working prices throughout the corporate, as we develop our core companies and types. We imagine that Brian’s deep monetary experience is not going to solely increase our present capabilities, but additionally function a useful useful resource in our mission to optimize monetary efficiency, steer Kartoon Studios towards a worthwhile future, and improve long-term shareholder worth.”
“It is usually vital to acknowledge the distinctive work Bob Denton has carried out as our CFO,” Heyward provides. “He has been a key determine within the evolution of this firm — from its origins as Genius Manufacturers, listed on Nasdaq, to its latest rebranding as Kartoon Studios, listed on the NYSE American. Bob has performed a key position in remodeling us from an rising youngsters’s leisure firm right into a multifaceted world enterprise. As we shift into excessive gear, specializing in cost-efficiency and monetary duty, geared toward reaching sustained profitability, we stay up for Bob’s continued contributions in his new position as Government Vice President, Finance & Accounting.”