Effective 1st April, Brent will be responsible for overseeing all financial aspects of the company.
Brent will report directly to Jakks’ chairman and CEO, Stephen Berman. He will be responsible for overseeing all financial aspects of the company, including financial planning and analysis, accounting and financial reporting, as well as managing the tax, internal audit, treasury, and investor relations functions.
Brent brings more than 23 years of experience in finance, tax and corporate development to Jakks, with expertise in operations, financial planning and strategy, and mergers and acquisitions, in addition to financial reporting and accounting.
Until March, Brent served as CFO of the Ixia Business Group, a business unit of Keysight Technologies, which acquired Ixia, a publicly held company, in April 2017. Mr. Novak spent 13 years at Ixia prior to the acquisition where he most recently served as its CFO and managed Ixia’s worldwide financial operations and participated in key strategic decisions, mergers and acquisitions, and financings, as Ixia grew from a small communications test business to a global technology company with approximately 1,850 employees and half a billion dollars in annual revenue.
Stephen Berman, Jakks’ chairman and CEO, commented: “We are excited to welcome Brent to the team and add his extensive experience in finance and strategic planning to Jakks Pacific. We believe his financial management skills and insights will serve us well as we continue to implement our strategy of growth domestically and internationally through diversification of our products and services, evolving from a multinational toy maker to a global provider of consumer products, and to help us meet the challenges faced by companies like ours within the rapidly changing retail environment.”