Jakks appoints new CFO
Brent Novak brings more than 23 years of experience to role as CFO and Exec-VP
Jakks Pacific has appointed Brent Novak as Executive Vice President and Chief Financial Officer effective as of 1 April 2018, reporting directly to Jakks’ Chairman and CEO, Stephen Berman.
He will be responsible for overseeing all financial aspects of the company, including financial planning and analysis, accounting and financial reporting, as well as managing the tax, internal audit, treasury, and investor relations functions.
Brent brings more than 23 years of experience in finance, tax and corporate development to Jakks, with expertise in operations, financial planning and strategy, and mergers and acquisitions, in addition to financial reporting and accounting.
Jakks Chairman Stephen Berman said: “We are excited to welcome Brent to the team and add his extensive experience in finance and strategic planning to Jakks Pacific. We believe his financial management skills and insights will serve us well as we continue to implement our strategy of growth domestically and internationally through diversification of our products and services, evolving from a multinational toy maker to a global provider of consumer products, and to help us meet the challenges faced by companies like ours within the rapidly changing retail environment.”
Until March 2018, he served as Chief Financial Officer of the Ixia Business Group, a business unit of Keysight Technologies, Inc., which acquired Ixia, a publicly held company, in April 2017. He spent 13 years at Ixia prior to the acquisition where he most recently served as its Chief Financial Officer and managed Ixia’s worldwide financial operations and participated in key strategic decisions, mergers and acquisitions, and financings, as the company grew to around 1,850 employees and half a billion dollars in annual revenue.
He began his career at PricewaterhouseCoopers LLP, most recently as a Manager in the Emerging Technology Group.