SHANGHAI, Nov. 3, 2017 /PRNewswire/ -- Acorn
International, Inc. (NYSE: ATV) ("Acorn" or the "Company") today announced that its board of
directors has appointed Jacob A. Fisch, current President, to
the position of CEO and President of the Company, effective
immediately.
"I am thrilled to pass the torch to Jacob Fisch, our new CEO," said Mr. Robert Roche, Acorn's Executive Chairman.
"Having worked alongside Jake for many years, I can attest to his
vision, business acumen and ability to execute adeptly on both
strategy and operations. Since joining Acorn as President in 2015,
he has made significant contributions in the turnaround of the
business, helping guide us through an extremely challenging time,
and more recently in implementing our new business initiatives. I
look forward to seeing Acorn flourish under his leadership."
"I am honored to assume the role of CEO of Acorn at this
exciting time in the life of our Company," said Mr. Fisch. "Having
worked intensively to restructure the business, we are now focused
on developing new areas to drive growth once again. I am optimistic
about the direction we are headed as we rebuild this great
company."
Mr. Fisch has served as President of Acorn since 2015. His
background includes top executive roles with publicly-listed,
global supply chain manager and consumer products giant
Li & Fung Limited from 2006 to
2010 and then with its controlling shareholder, the Fung
Group, from 2010 to 2012. Such roles included Director of
Corporate Development for the Fung Group, and Senior Vice
President – General Counsel for Li & Fung Limited, where
he was part of the core leadership team and global head
of Legal responsible for Li & Fung's then over 80 offices
in over 40 countries. Mr. Fisch also co-founded leading
Hong Kong venture firm,
Nest, in 2010, and founded Mile Point Capital Partners in
2011. In 2013, Mr. Fisch also co-founded and became the
non-executive Chairman of Dragon Law, a Hong Kong and Singapore based SaaS
technology company. Prior to these roles and activities, Mr.
Fisch was an attorney at leading international law firms in
New York City, Hong Kong and
Shanghai. Mr. Fisch has been a
term member at the Council on Foreign Relations in
New York City, a member of the
Hong Kong-based Hong Kong Forum, affiliated with the Council
on Foreign Relations, and is a member of the Executive Forum,
a fifty-person forum for the most senior managers
of multinational corporations headquartered in
Asia. Mr. Fisch holds a J.D. from
Harvard Law School and a B.A.
from Columbia University.
About Acorn International, Inc.
Co-founded in 1998 by Executive Chairman Robert Roche, Acorn is a marketing and branding company
in China with a proven track
record of developing, promoting and selling a diverse portfolio of
proprietary-branded products, as well as well-established and
promising new products from third parties. Its business is
currently comprised of two main divisions, its direct sales
platforms and its nationwide distribution network. For more
information visit www.acorninternationalir.com.
Safe Harbor
Statement
This news release contains forward-looking statements. These
statements constitute "forward-looking" statements within the
meaning of Section 21E of the Securities Exchange Act of 1934, as
amended, and as defined in the U.S. Private Securities Litigation
Reform Act of 1995. These forward-looking statements can be
identified by terminology such as "anticipates," "believes,"
"estimates," "expects," "future," "going forward," "intends,"
"outlook," "plans," "target," "will," and similar statements. Such
statements are based on management's current expectations and
current market and operating conditions, and relate to events that
involve known or unknown risks, uncertainties, and other factors,
all of which are difficult to predict and many of which are beyond
the Company's control, which may cause the Company's actual
results, performance, or achievements to differ materially from
those in the forward-looking statements. Further information
regarding these and other risks, uncertainties, or factors is
included in the Company's filings with the U.S. Securities and
Exchange Commission. The Company does not undertake any obligation
to update any forward-looking statement as a result of new
information, future events, or otherwise, except as required by
law.
Contact:
|
|
Acorn International,
Inc.
|
Compass Investor
Relations
|
Ms. Naomi
Deng
|
Ms. Elaine Ketchmere,
CFA
|
Phone
+86-21-5151-2944
|
Phone:
+1-310-528-3031
|
Email:
dengqi@chinadrtv.com
|
Email:
Eketchmere@compass-ir.com
|
www.chinadrtv.com
|
www.compassinvestorrelations.com
|
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SOURCE Acorn International, Inc.