Toy market news

SUMR Brands announces CFO retirement & transition

By www.anbmedia.com

SUMR Brands, a global leader in premium infant and juvenile products, announced that its Chief Financial Officer, Edmund J. Schwartz, will be retiring. Schwartz will step down from his role as CFO on March 19, 2021, following the completion of the company’s audit for fiscal year 2020, and will continue to consult with the company through the end of March to allow for a smooth and orderly transition.

Bruce Meier, managing director at Winter Harbor, LLC, will assume the role of Interim CFO on March 19, 2021. Meier possesses more than 20 years of diverse business and financial experience and has been consulting with the company since its engagement of Winter Harbor in December 2019. Over the past year, Meier has worked closely with CEO Stuart Noyes and Schwartz to effectuate transformative change at SUMR in both the finance and operations areas including refinancing its debt, preparation of the 2021 budget, and SEC reporting requirements.

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