Jerash Holdings (US), Inc. Announces Senior Executive Appointments
September 12, 2018 at 04:35 pm IST
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Jerash Holdings (US), Inc. announced senior executive appointments to further its global expansion strategy and operational capabilities. The Company appointed Karl Brenza as Head of US Operations, a new role focused on organic and strategic growth, and Richard Shaw as full-time Chief Financial Officer, a role which he had previously fulfilled on a part-time basis. Karl Brenza was appointed as Head of US Operations, a new role intended to accelerate Jerash's growth capabilities.
Mr. Brenza will provide high-level managerial, strategic and operational services for Jerash's US operations on a part-time basis, as well as support for the Company's other operations in Jordan and Hong Kong. His responsibilities will include working with US-based customers, managing Jerash's outside relationships in the US and helping to direct global initiatives including capacity expansion plans, and capital allocation. The Company also appointed Richard Shaw as full-time Chief Financial Officer, a role which he has fulfilled since May 2017 under a part-time services contract.
Mr. Shaw is responsible for management of the Company's global financial teams and overseeing timely preparation and filing of Exchange Act reports, ensuring that filings are completed in accordance with US GAAP and SEC guidelines. Additionally, he and Mr. Brenza will jointly lead relationships with the US based professional team, investor relations initiatives in the US and corporate strategy and business development initiatives, including identification and evaluation of potential M&A transactions. Mr. Brenza has over 25 years of investment banking and financial advisory experience as well as significant operational and technology experience as a corporate executive.
Mr. Brenza currently serves as Senior Managing Director of Paulson Investment Company, LLC.
Jerash Holdings (US), Inc., through its wholly owned subsidiaries, is principally engaged in the manufacturing and exporting of customized, ready-made sportswear and outerwear from knitted fabric and personal protective equipment (PPE) produced in its facilities in the Hashemite Kingdom of Jordan (Jordan). The Company manufactures and exports custom, ready-made, sportswear and outerwear for global brands and retailers. The global brands and retailers include VF Corporation, which owns brands, such as The North Face, Timberland, and Vans; New Balance, G-III, which licenses brands, such as Calvin Klein, Tommy Hilfiger, DKNY, and Guess; American Eagle; and Skechers. Its sportswear and outerwear product offering consists of jackets, polo shirts, t-shirts, pants, and shorts. Its primary product offerings include shorts, pants, and vests. Its PPE product offering consists of branded (washable) and disposable face masks, medical scrubs, protective coveralls, and surgical gowns.