NEW YORK, May 1, 2013 (GLOBE NEWSWIRE) -- Sequential Brands Group, Inc. (OTC:SQBG) ("Sequential" or the "Company") today announced the election of Gary Johnson and Stewart Leonard Jr. as directors of the Company, effective immediately.
Mr. Leonard Jr. is currently Chief Executive Officer of Stew Leonard's, a unique family-owned and operated, farm-fresh grocery and wine store chain. During Mr. Leonard Jr.'s tenure, which began in 1991, Stew Leonard's has grown to include four supersized food stores and nine wine stores across Connecticut, New York and New Jersey. The stores are among the nation's best performing per square foot generating approximately a half billion dollars in annual sales. The company also employs more than 2,000 team members and is consistently recognized by Forbes Magazine's "100 Best Companies to Work For" list. Mr. Leonard Jr. earned a B.S. degree from Ithaca College and received an MBA from UCLA.
Mr. Johnson is an entrepreneur who has founded and built several companies over his professional career. He has an extensive background in both public and private equity owned companies in the financial, business and direct marketing services industries. Mr. Johnson currently serves as Chairman of Capital Access Network, a 13 year old financial services company that has funded over 100,000 small retail businesses with over $3 billion of capital. Prior to this, Mr. Johnson served as Chairman and Chief Executive Officer of Vertue Inc., one the nation's leading consumer marketing companies which was listed on the NASDAQ exchange from 1997 to 2007. Mr. Johnson earned a B.S. degree in civil engineering from Tufts University and received an MBA from Harvard Business School.William Sweedler, Chairman of Sequential Brands Group, commented, "We have found two seasoned board directors that understand brand activation and the process of building them. Both Stew and Gary bring years of experience and insight to Sequential's Board of Directors as we to continue to work with management to execute Sequential's laser focused organic and acquisitive growth strategy."
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