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Global Brands Group appoints new global COO

Ronald VentricelliGlobal Brands Group has appointed Ronald Ventricelli as global COO and president of North America, a newly created role at the company.
GBG sold the majority of its North American business this year for US$1.2 billion sale of the North American business, so he will be charged with building a new business for the company in the region.
“We are embarking on a new chapter in the Global Brands story and aligning our senior leadership team for long-term growth,” said CEO Rick Darling in a statement. “I have the utmost confidence in Ron’s ability to position our businesses for greater opportunities.”
Ventricelli, a KPMG alumni, was Global Brands’ CFO until now. That role has been taken over by Mark Caldwell.
Darling said Caldwell has demonstrated “strong financial acumen and will no doubt continue to provide excellent leadership to our finance team”.
“I am looking forward to working closely with both Ron and Mark to quickly execute our new strategic vision and position us for growth.”
Ventricelli previously served at LF USA, Global Brands’ predecessor, along with Caldwell, who joined Global Brands’ predecessor, LF USA, as VP of Finance in 2010. Caldwell was promoted to senior VP and corporate controller in 2012, and then to executive VP of finance in 2014.

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