Florus Beuting Joins PLBY Group as Main Accounting Officer
Economic Functions Veteran Joins New CFO Lance Barton
LOS ANGELES, Feb. 18, 2021 (Globe NEWSWIRE) — PLBY Team, Inc. (NASDAQ: PLBY) (the “Company”), a top enjoyment and leisure way of life organization and operator of Playboy, one particular of the most recognizable and iconic manufacturers in the world, currently declared the growth of its finance crew with the addition of Florus Beuting as Chief Accounting Officer. In his new job, which started on February 8, 2021, Mr. Beuting is liable for PLBY Group’s world wide accounting functions, fiscal reporting, tax, treasury, and audit functions. Mr. Beuting will report to freshly appointed CFO Lance Barton when Mr. Barton begins on March 1, 2021. Current PLBY Team CFO, David Israel, will guidance the changeover of the finance crew and believe an operational part at the Corporation concentrated on immediate to consumer functions.
Mr. Beuting joins PLBY Group from Fandango, where he served considering that December 2017 as the company’s Vice President and Controller, overseeing domestic and global accounting for the company’s Ticketing and Movie on Demand from customers enterprises, and managed the money operations integration of various acquisitions. Earlier, Mr. Beuting served as Assistant Controller at Snapchat wherever he led the implementation of the company’s money methods and helped aid the company’s general public organization readiness.
“Florus delivers considerable experience primary large, worldwide corporations by way of durations of transformational development and providing results,” reported Ben Kohn, CEO of PLBY Team. “We’re energized to welcome him to our group and glance forward to the pivotal job he will perform as we embark on our subsequent chapter as a public firm.”
Mr. Kohn ongoing, “I’d also like to extend my deepest gratitude to David Israel, who will be transitioning to an operational function at PLBY Group as Lance and Florus phase into their roles. David has served as a loyal husband or wife due to the fact I commenced as CEO three yrs in the past and I’m thrilled he will be stepping into an operational management position in the coming months.”
On February 11, 2021, the Firm started investing on Nasdaq World Sector right after completing its business combination with Mountain Crest Acquisition Corp. (“MCAC”), a special objective acquisition company. Upon finishing the merger, Mountain Crest Acquisition Corp changed its name to PLBY Team, Inc. and the Business closed the transaction with much more than $100 million in unrestricted cash and a recently adaptable cap framework. Playboy’s return to the general public marketplaces as PLBY Group presents a reworked, streamlined, and higher-growth company, together with its legendary model contracted licensing enterprise, owned-and-operated sexual wellness solutions readily available for sale on its owned electronic commerce platforms in main retail shops in the US, and a expanding wide range of outfits and branded life-style and digital gaming items, including a person of the top men’s clothing organizations in China. The Enterprise also recently introduced the growth of its immediate-to-purchaser and retail retail store achieve with a deal to acquire a top sexual wellness omni-channel retailer. The offer is expected to shut in the initially quarter of 2021.
About PLBY Team, Inc.
PLBY Group, Inc. (“PLBY Group”) connects consumers all over the earth with products and solutions, solutions, and encounters to assistance them search superior, really feel fantastic, and have entertaining. PLBY Team serves shoppers in 4 main groups: Sexual Wellness, Design and style & Clothing, Gaming & Life style, and Natural beauty & Grooming. PLBY Group’s flagship shopper manufacturer, Playboy, is one particular of the most recognizable, legendary brands in the earth, driving much more than $3 billion in world wide customer spend every year across 180 countries. Discover a lot more at https://www.plbygroup.com.
Forward-Looking Statements
This press release incorporates “forward-looking statements” in just the that means of the “safe harbor” provisions of the United States Personal Securities Litigation Reform Act of 1995. The Company’s actual outcomes may perhaps differ from their expectations, estimates, and projections and, as a result, you really should not depend on these forward-searching statements as predictions of future activities. Text such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue,” and identical expressions (or the unfavorable versions of such words or expressions) are intended to identify these types of ahead-wanting statements. These forward-hunting statements include, devoid of limitation, the Company’s anticipations with regard to long run effectiveness, advancement designs and predicted economic impacts of the proposed business enterprise combination and pending transactions.
These forward-on the lookout statements involve sizeable challenges and uncertainties that could induce the real results to vary materially from these talked over in the forward-hunting statements. Aspects that might induce these kinds of dissimilarities include, but are not minimal to: (1) the affect of COVID-19 pandemic on the Company’s organization (2) the lack of ability to keep the listing of the Company’s shares of widespread inventory on Nasdaq following the company combination (3) the chance that the small business blend or its planned transactions disrupt the Company’s current ideas and operations, such as the possibility that the Firm does not comprehensive any these types of planned transactions or achieve the expected profit from them (4) the capability to acknowledge the predicted gains of the company blend, which may be impacted by, among the other points, level of competition, the skill of the Company to grow and take care of growth profitably, and retain its key staff members (5) charges related to the company mixture (6) alterations in relevant laws or rules (7) the likelihood that the Organization may possibly be adversely afflicted by other economic, business enterprise, and/or competitive aspects (7) dangers relating to the uncertainty of the projected monetary details of the Enterprise (8) risks associated to the organic and natural and inorganic progress of the Company’s business enterprise and the timing of predicted company milestones and (9) other pitfalls and uncertainties indicated from time to time in the definitive proxy statement relating to the small business mix, which includes those people underneath “Risk Factors” therein, and in the Company’s other filings with the SEC. The Company cautions that the foregoing listing of elements is not special, and audience really should not to location undue reliance on any ahead-wanting statements, which talk only as of the day designed. The Corporation does not undertake or acknowledge any obligation or undertaking to release publicly any updates or revisions to any forward-wanting statements to replicate any change in their expectations or any adjust in gatherings, ailments, or circumstances on which any these types of statement is based mostly.
Get in touch with:
Investors: [email protected]
Media: [email protected]
