Sean John has tapped Mark Katz as chief financial officer, reporting to Jeffrey Tweedy, executive vice president.
This story first appeared in the April 14, 2011 issue of WWD. Subscribe Today.
Katz, who started on March 28, was previously chief operating and chief financial officer at La Perla North America, Inc.
Earlier in his career, he held senior finance positions at Calvin Klein, Polo Ralph Lauren and Kenneth Cole. He was also cfo at Creative Design Studios, the private label division ofLord & Taylor.
“As we have changed our business model to a licensing model, we needed a strong cfo to analyze new deals and help select the best partners for Sean John,” said Tweedy, who noted the position was vacant for the past two years.
Last year, Sean John licensed its men’s sportswear business to Li & Fung Ltd. and inked an exclusive distribution agreement with Macy’s for the category, which will be in more than 450 doors by yearend. Last week, Sean John signed a new boys’ sportswear license with LT Apparel Group. Its boys’ suits license remains with Fishman & Tobin.
Sean John currently manages a stable of 19 licenses in total. The company is owned by founder and chairman Sean “Diddy” Combs and investment firm The Yucaipa Cos.