Timothy H. Schott Named EVP – Finance & CFO

Rhea-AI Summary

Associated Capital Group (NYSE:AC) has appointed Timothy H. Schott as Executive Vice President – Finance & Chief Financial Officer. Schott, a seasoned finance professional with three decades of experience, previously held significant roles at Deloitte & Touche and Lazard. His expertise includes financial reporting and tax compliance, which will enhance the firm's management team. President Doug Jamieson expressed confidence that Schott's joining aligns with the company's growth strategy.

Positive

• Timothy H. Schott brings three decades of experience in financial reporting and tax compliance.
• His previous role at Lazard as Director of Accounting Policy strengthens the firm's financial oversight.
• Schott's expertise in remediation of material weaknesses will benefit the company's accounting practices.

Negative

• None.

Associated Capital Group (NYSE:AC) announced today that Timothy H. Schott has been named Executive Vice President – Finance & Chief Financial Officer of Associated Capital Group. In this new position Mr. Schott will join as a member of the firm’s management committee and serve to head the Company’s finance group.

Mr. Schott was formerly a partner of Deloitte & Touche where he began his career, and brings three decades of experience in financial reporting, tax compliance, acquisitions and divestitures. Mr. Schott said, “I am excited about the opportunity to contribute to Associated Capital’s future success.”

Mr. Schott, prior to joining Associated Capital Group, led Lazard’s accounting compliance group as the Director of Accounting Policy where he was responsible for the review of all Lazard Ltd.’s GAAP regulatory accounting filings. More recently he was the Principal Accounting Officer at Tiptree Inc. where he was instrumental in the transformation of the company’s accounting, tax and internal controls, including the remediation of several material weaknesses.

“Tim’s joining will further strengthen our team. His broad financial and accounting experience complements Associated Capital’s strategic direction. We look forward to his contributions as we continue to execute on our growth plans for the company,” said Doug Jamieson, President of Associated Capital.

About Associated Capital Group, Inc.

Associated Capital Group, Inc. (NYSE:AC), based in Greenwich Connecticut, is a diversified financial services company that provides alternative investment management products and services to institutional and qualified individual clients globally. The company is headquartered in Greenwich CT., with subsidiaries in London, Milan, and Zurich.

www.associated-capital-group.com

View source version on businesswire.com: https://www.businesswire.com/news/home/20210104005560/en/

FAQ

Who is the new CFO of Associated Capital Group?

Timothy H. Schott has been named the new Executive Vice President – Finance & Chief Financial Officer.

What experience does Timothy H. Schott bring to Associated Capital Group?

He has three decades of experience in financial reporting, tax compliance, acquisitions, and divestitures.

What are the strategic goals for Associated Capital Group following Schott's appointment?

The company aims to strengthen its finance team and execute its growth plans.

When was Timothy H. Schott appointed CFO?

Timothy H. Schott was appointed CFO today, as announced in the recent press release.

What is Associated Capital Group's stock symbol?

The stock symbol for Associated Capital Group is AC.