Vinco Ventures Fulfills Interim CEO Role
Vinco Ventures (Nasdaq: BBIG) has completed a significant transition, emphasizing a focus on revenue and profitability. The company announces the departure of CEO Ross Miller and President Gabe Hunterton, effective immediately. A new permanent CEO with strong leadership experience in media and entertainment will be appointed soon. Chairman Rod Vanderbilt takes on the role of Executive Chairman, overseeing daily operations. Vinco Ventures aims to expand its content-driven business ecosystem.
- Transitioning focus towards revenue and profitability.
- Appointment of a new CEO with relevant media and entertainment experience.
- Chairman taking on leadership role to ensure stability.
- Immediate departure of CEO and President may signal instability.
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ROCHESTER, N.Y. , Dec. 15, 2022 /PRNewswire/ -- Vinco Ventures, Inc. (Nasdaq: BBIG) ("Vinco Ventures," "Vinco," or the "Company"), a digital media and content technologies holding company, has completed the first stage of a carefully planned transition that positions the company with a clear runway to focus on revenues and profitability.
As such, the Board of Directors announces court-appointed Chief Executive Officer Ross Miller and his team, including Gabe Hunterton, President, have departed the company effective immediately.
Vinco Ventures is set to appoint a new permanent CEO with proven leadership experience at successful and prestigious media companies and entertainment brands. The candidate was subject to an extended vetting process and whose vision aligns with the company's long-term plans to grow and expand Vinco's content-driven ecosystem of businesses.
"The company is grateful to Mr. Miller and Mr. Hunterton for their services and wishes them both the best in their future endeavors. This is a new dawn for Vinco Ventures, and the future is extremely bright," spokesperson Javan Khazali said.
Chairman of the Board, Rod Vanderbilt, will assume the role of Executive Chairman and lead all Vinco teams on a day-to-day basis.
About Vinco Ventures
Vinco Ventures (Nasdaq: BBIG) is focused on the development of digital media and content technologies. Vinco Ventures' consolidated subsidiary, ZVV Media Partners, LLC, a joint venture of Vinco Ventures and ZASH Global Media and Entertainment Corporation, has an
For more information, please visit investors.vincoventures.com.
Forward-Looking Statements and Disclaimers
This press release contains "forward-looking statements" as defined in the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995, which are based upon beliefs of, and information currently available to, Vinco Ventures' management as well as estimates and assumptions made by Vinco Ventures' management. These statements can be identified by the fact that they do not relate strictly to historic or current facts. When used in this presentation the words "estimate," "expect," "intend," "believe," "plan," "anticipate," "projected," and other words or the negative of these terms and similar expressions as they relate to the applicable company or its management identify forward-looking statements. Such statements reflect the current view of Vinco Ventures with respect to future events and are subject to risks, uncertainties, assumptions and other factors relating to Vinco Ventures and its subsidiaries and consolidated variable interest entities including Lomotif, their industry, financial condition, operations and results of operations. Such factors include, but are not limited to, the expected risks and benefits from the proposed increase in Vinco Ventures' authorized shares as described in our proxy statement, Vinco Ventures' investments in ZVV Media Partners, LLC, Lomotif Private Limited, PZAJ Holdings, LLC and related growth initiatives and strategies such as the blended media, cross-platform distribution strategy, the expected benefits of Lomotif's participation in and sponsorship of live entertainment events, the expected benefits from acquisition of AdRizer and planned integration of the AdRizer technology with Lomotif and Honey Badger and synergies between AdRizer, Lomotif and Honey Badger, the regulatory risks with the NFT and blockchain business lines and such other risks and uncertainties described more fully in documents filed by Vinco Ventures and Cryptyde with or furnished to the Securities and Exchange Commission, including the risk factors discussed in Vinco Ventures' Annual Report on Form 10-K for the period ended December 31, 2021 filed on April 15, 2022 which is available at www.sec.gov. Should one or more of these risks or uncertainties materialize, or the underlying assumptions prove incorrect, actual results may differ significantly from those anticipated, believed, estimated, expected, intended, or planned. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, performance, or achievements. Except as required by applicable law, including the securities laws of the United States, we do not intend to update any of the forward-looking statements to conform these statements to actual results.
For further information, please contact:
Investor Contact
Media Contact
Vinco Ventures, Inc.
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SOURCE Vinco Ventures
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