May 27, 2022

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Inspired by Technology

iMedia Brands Strengthens Corporate Leadership Team

6 min read


Imedia Brands Inc.

Imedia Brands Inc.

Tom Zielecki Appointed SVP, Main Fiscal Officer

Troy Collings Promoted to SVP, Main Info Officer

MINNEAPOLIS, Might 09, 2022 (Globe NEWSWIRE) — iMedia Models, Inc. (“iMedia”) (NASDAQ: IMBI, IMBIL) these days announces numerous govt additions and inside promotions, together with the appointment of Tom Zielecki as Senior Vice President, Main Economic Officer, and the marketing of Troy Collings to Senior Vice President, Main Information Officer.

“We imagine we are in the early innings of a significant growth section. We grew profits 21% yr-over-yr in fiscal 2021, and we anticipate similar once-a-year revenue advancement in 2022. It is significant our little corporate crew maintains the determination and abilities to carry on to seize new chances and tackle new issues,” stated Tim Peterman, CEO of iMedia Brands, “And I’m very pleased to say these executives are analyzed, passionate and all set.”

Tom Zielecki was appointed SVP, Main Monetary Officer successful nowadays. Mr. Zielecki is a seasoned omni-channel financial chief with around 30 many years of working experience in quickly switching cultures, which include sixteen years at Kmart/Sears Corporation, the place his past function was the finance chief of a number of business enterprise units generating about $2 billion in annual profits in House Fashions, Jewelry, Out of doors Living, Toys & Seasonal. Quickly prior to signing up for iMedia, he was Manufacturer CFO of LTD Commodities, a direct-to-customer cataloger. Mr. Zielecki started his occupation in general public accounting at Deloitte & Touche in its assurance apply and at PriceWaterhouse in its mergers and acquisitions apply. He is a CPA and retains a BA in Accounting from Walsh College or university.

Troy Collings was promoted to SVP, Main Data Officer efficient today. Given that joining iMedia in June 2021 as VP of Technological know-how, Mr. Collings has properly led numerous vital technology assignments together with the company’s Salesforce implementation, Sarbanes-Oxley compliance updates, and most not too long ago ShopHQ’s alter to PayPal as its merchant processor. Prior to signing up for iMedia, Mr. Collings held several engineering, know-how, and leadership roles during his six many years at Focus on and seventeen yrs at Cargill. He holds a BA in Pc Science and a BA in Accounting from the College of North Dakota.

iMedia also introduced now that it has additional strengthened its accounting, finance, and technological innovation groups with the subsequent:

  • Monty Wageman, earlier iMedia’s Chief Fiscal Officer, has taken on a new corporate finance part as Treasurer, wherever he will aim on working money administration, seller relations, and the roll out of the accounts payable perform as a shared service to all iMedia’s company units.

  • Megha Manan joins iMedia in Could 2022 as VP, Technology QA & Compliance. Ms. Manan has more than seventeen a long time of experience navigating the complexities of application engineering by way of the pragmatic, regular oversight of quality assurance, automation, and course of action enhancement. Most not long ago, Megha spent nine several years in senior engineering roles at Bluestem Models. Megha holds a MS, Software package Engineering from North Dakota Point out College and a BS, Administration Info Programs also from North Dakota Point out University.

  • Matthew Barsness a short while ago joined iMedia as VP, Technology, and is correctly foremost the organization’s shopper operations application engineering teams and procedure that include things like Shopper Service, Credit, Get Management, Fulfillment, Merchandising, and Finance company functions. Mr. Barsness has over 20 several years of encounter in escalating technology roles that include eight yrs at Accenture and eleven decades at Bluestem Manufacturers. He retains a BS in Computer Science from the College of Minnesota.

  • Sam Saman joins iMedia in May well 2022 as, Director, Accounting. Mr. Saman will participate in an essential role in supporting the different tasks inside the controllership perform. He has over 17 a long time of expertise, including escalating money roles at Deluxe Company and Michael Foods. Mr. Saman holds a Grasp in Business Administration in Finance from Florida Institute of Technology and a BS in Accounting from Winona Point out College.

  • Brent LaFrenz not long ago joined iMedia as Director, Finance, Setting up & Assessment. Mr. LaFrenz is a seasoned finance qualified with over 15 many years of know-how main fiscal planning in matrixed organizations, which include 14 decades at UnitedHealth Team/Optum. Brent retains a Grasp of Business enterprise Administration from Colorado Technical College and a BA in Finance from Buena Vista College.

About iMedia Brands, Inc.
iMedia Makes, Inc. (NASDAQ: IMBI) is a foremost interactive media firm capitalizing on the convergence of enjoyment, ecommerce, and advertising. The business owns a escalating, world wide portfolio of entertainment, purchaser makes and media commerce companies enterprises that cross encourage and trade details with every other to optimize their customer engagement encounters and to placement the company as the top single-source spouse to television advertisers and consumer makes searching for to entertain and transact with clients.

Buyers:
Ken Cooper
[email protected]
(952) 943-6119

Media:
[email protected]
(952) 943-6125

Safe Harbor Assertion below the Personal Securities Litigation Reform Act of 1995

This document might incorporate specific “forward-looking statements” inside of the which means of the Private Securities Litigation Reform Act of 1995. Any statements contained herein that are not statements of historic simple fact, including statements regarding the expected affect of COVID-19 on tv retailing are forward-hunting. The Organization usually use words and phrases such as anticipates, thinks, estimates, expects, intends, seeks, predicts, hopes, should really, plans, will and identical expressions to detect ahead-seeking statements. These statements are primarily based on management’s existing expectations and appropriately are matter to uncertainty and modifications in situations. True success may perhaps differ materially from the anticipations contained herein owing to various critical elements, which include (but not constrained to): variability in customer preferences, browsing behaviors, shelling out and debt ranges the normal financial and credit history ecosystem, including COVID-19 fascination charges seasonal variants in client paying for actions the capability to obtain the most powerful product class mixes to optimize sales and margin objectives competitive pressures on sales and gross sales promotions pricing and gross product sales margins the level of cable and satellite distribution for the Company’s programming and the connected service fees or approximated cost price savings from agreement renegotiations the Company’s ability to create and keep appropriate professional phrases with third-social gathering sellers and other third parties with whom the Firm has contractual interactions, and to properly regulate critical vendor and shipping and delivery relationships and establish critical partnerships and proprietary and special models the ability to regulate running expenses successfully and the Company’s doing work funds amounts the means to stay compliant with the Company’s credit score amenities covenants shopper acceptance of the Company’s branding technique and its repositioning as a movie commerce Organization the potential to answer to adjustments in purchaser searching patterns and tastes, and adjustments in technologies and buyer viewing designs improvements to the Company’s management and facts methods infrastructure challenges to the Company’s details and info security changes in governmental or regulatory requirements like with out limitation, rules of the Federal Communications Fee and Federal Trade Commission, and adverse results from regulatory proceedings litigation or governmental proceedings impacting the Company’s operations sizeable events (which include disasters, climate functions or activities attracting considerable television protection) that either bring about an interruption of television coverage or that divert viewership from its programming disruptions in the Company’s distribution of its network broadcast to shoppers the Company’s capacity to defend its mental property legal rights our ability to attain and keep important executives and staff the Company’s potential to entice new shoppers and keep current buyers improvements in delivery costs expenditures linked to the steps of activist or hostile shareholders the Company’s potential to offer new or impressive goods and purchaser acceptance of the exact improvements in customer viewing habits of tv programming and the threats identified less than Product 1A(Possibility Elements) in the Company’s most not too long ago submitted Variety 10-K and any added danger factors determined in its periodic stories due to the fact the date of these types of Variety 10-K. Much more detailed information about individuals variables is set forth in the Company’s filings with the Securities and Exchange Fee, which include its once-a-year report on Form 10-K, quarterly reports on Sort 10-Q, and latest reviews on Type 8-K. Buyers are cautioned not to area undue reliance on ahead-on the lookout statements, which converse only as of the date of this announcement. The Corporation is below no obligation (and expressly disclaim any these obligation) to update or change its forward-on the lookout statements no matter if as a result of new details, long term situations or otherwise.



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