iMedia Brands Appoints Monty Wageman as Chief Financial Officer

Rhea-AI Summary

iMedia Brands, Inc. (Nasdaq: IMBI) announced the appointment of Montgomery Wageman as the new Senior Vice President and Chief Financial Officer, effective June 16, 2021. Wageman transitions from an interim role held by Tim Peterman since February 2020. With over 20 years at iMedia, Wageman has held various accounting and financial roles, most recently serving as Vice President, Corporate Controller. His appointment is expected to enhance the company’s financial strategy and operations.

Positive

• Montgomery Wageman brings over 20 years of experience at iMedia, which may enhance continuity and stability in financial leadership.
• His deep understanding of the company could result in more effective financial strategies and operations.

Negative

• Tim Peterman's interim role as CFO since February 2020 raises concerns about the lack of a permanent financial leader during a critical period.

MINNEAPOLIS, June 17, 2021 (GLOBE NEWSWIRE) -- iMedia Brands, Inc. (“iMedia” or the “Company”) (Nasdaq: IMBI) today announced the appointment of Montgomery “Monty” Wageman as the Company’s Senior Vice President and Chief Financial Officer reporting directly to Tim Peterman, Chief Executive Officer. Wageman will be assuming this role from Peterman, who has held this position on an interim basis since February 2020. Wageman’s appointment is effective as of June 16, 2021.

“I’m proud to announce Monty as our CFO,” said Peterman. “For over 20 years, Monty has delivered to our culture and our shareholders a boundless work ethic, a calm wisdom and an always current accounting expertise. We look forward to his expanded contributions to our organization.”

Wageman joined iMedia in 2000 and has held various roles of increasing responsibility in accounting, treasury and tax. Most recently, he served as the Company’s Vice President, Corporate Controller and previously served as Senior Director of Accounting, Tax and Treasury from July 2019 through June 2020 and Accounting Director from September 2007 through July 2019. Prior to iMedia, Wageman began his career in audit at Arthur Anderson.

Wageman is a licensed CPA and holds a Bachelor of Arts in Accounting from the University of St. Thomas.

About iMedia Brands, Inc.

iMedia Brands, Inc. (Nasdaq: IMBI) is a leading interactive media company that owns a growing portfolio of lifestyle television networks, consumer brands, online marketplaces and media commerce services that together position the Company as a leading single-source partner to television advertisers and consumer brands seeking to entertain and transact with customers using interactive video.

Contacts:

Investors:
Gateway Investor Relations
Cody Slach
IMBI@gatewayir.com
(949) 574-3860

Media:
press@imediabrands.com
(800) 938-9707

FAQ

Who is the new CFO of iMedia Brands as of June 2021?

Montgomery Wageman has been appointed as the new CFO of iMedia Brands, effective June 16, 2021.

What role did Tim Peterman play in the appointment of the new CFO?

Tim Peterman held the CFO position on an interim basis since February 2020 before Montgomery Wageman's appointment.

What experience does Montgomery Wageman have at iMedia Brands?

Wageman has over 20 years of experience at iMedia, having held various roles including Vice President, Corporate Controller.

What impact might Wageman's appointment have on iMedia Brands?

Wageman's extensive experience and knowledge of the company may lead to improved financial strategy and operations.