Announcement • Aug 30

+ 1 more update

PMV Consumer Acquisition Corp. Announces Executive Changes

P. Kasper Jakobsen, the Chairman of the Board of PMV Consumer Acquisition Corp. (the “Company”), will change his role in the continuing enterprise to one of “Director” within the reconstituted Company’s Board of Directors (the “Board”), effective August 25, 2022. Mr. Jakobsen, who is based in Dubai, continues to bring considerable executive consumer experience to the Company, including extensive relationships in the Asia Pacific region. The Board ratified the appointment of Marc Gabelli as Chairman of the Board and Co-Chief Executive Officer of the Company, effective August 25, 2022. Mr. Gabelli is the President of GGCP Inc. the parent company of Associated Capital Group Inc. (NYSE: AC), which formed the Company’s sponsor, PMV Consumer Acquisition Holding Company, LLC. Mr. Gabelli served as President of AC from its formation until November 2016 and has served as a director since May 2017. With this appointment and those of the other officers identified below, the continuing Company will have substantially all of its management team concentrated in the greater New York area. Mr. Gabelli also served as a director of GAMCO Investors Inc. from November 2014 until May 2016. Mr. Gabelli has served as President of GGCP since 1999 and as a director since 1994. Mr. Gabelli has been Chairman of Teton Advisers Inc. (OTC: TETA) since January 2018 and LGL Group Inc. (NYSE American: LGL) since 2017, and Chair of Gabelli Merger Plus+ Trust PLC (LSE: GMP) since 2017. Mr. Gabelli also has been Co-Chief Executive Officer of Gabelli Securities International Ltd. since 1994, Managing Partner of Horizon Research of New Delhi India since 2012, and Director and Managing Partner of Swiss based GGCP and GAMA Funds Holdings GmbH since 2010. He also has been Chair and Chief Executive of Gabelli & Partners Italia S.r.L. and Gabelli Value for Italy S.p.A., a Milan stock exchange listed special purpose acquisition corporation, since 2018. Mr. Gabelli served as Chief Executive Officer, Chairman and as a director of LGL Systems Acquisition Corp. (“LGL SPAC”), a special purpose acquisition corporation listed on the NYSE, from September 2019 until August 2021 (the close of LGL SPAC’s business combination with IronNet Inc.). As a fund manager since 1990, Mr. Gabelli’s focus is global value investments with portfolio assignments including alternative and traditional asset management. He manages alternative investment portfolios and investment companies trading on the London Stock Exchange. He has managed several Morningstar five star mutual funds and a Lipper #1 ranked global equity mutual fund. In corporate matters, he has assisted on group restructurings, including GAMCO’s initial public offering and the subsequent formation of AC. He built the hedge fund platform of AC’s wholly-owned subsidiary, Gabelli & Partners, LLC, and expanded the business internationally, opening the GAMCO London and Tokyo offices. In 2001, he also formed and served as General Partner of OpNet Partners, a Gabelli venture capital fund focused on optical networking technologies. He is also a Director of LICT Corporation (OTC: LICT). Mr. Gabelli is active in a variety of charitable educational efforts in the United States, Europe and the United Kingdom. Mr. Gabelli began his career in equity research and arbitrage for Lehman Brothers International. He is a member of the New York Society of Security Analysts. He received an M.B.A. from the Massachusetts Institute of Technology and is a graduate of Harvard University, with a Master’s degree in Government, and Boston College, with a Bachelor’s degree in economics. Mr. Gabelli brings to the Board his management skills and expertise in finance, investment and merger and acquisition matters. The Board ratified the appointment of Timothy Foufas as Co-President and Secretary of the Company, effective August 25, 2022. He has served as the Managing Partner of Plato Foufas & Co., LLC, a financial services company, since 2005. Mr. Foufas served as Chief Executive Officer for LGL SPAC from September 2019 to September 2019, and as Vice President and Chief Operating Officer from September 2019 to August 2021 (the close of LGL SPAC’s business combination with IronNet Inc.). In addition, Mr. Foufas served as President of Levalon Properties, LLC, a real estate property management company, from 2007 to June 2018. Previously, Mr. Foufas served as Senior Vice President of Bayshore Management Co., LLC, a real estate property management company, from 2005 to 2006. Prior to joining Bayshore Management Co., LLC, he was the Director of Investments at Liam Ventures Inc., a private equity investment firm, from 2000 to 2005. Mr. Foufas has also served on the Board of Directors for LGL Group Inc. (NYSE American: LGL), a leader in the design and manufacture of customized electronic components used primarily to control the frequency or timing of electronic signals in communication systems, since 2007. The Board ratified the continued service of Joseph Gabelli as Co-President of the Company, effective August 25, 2022. John N. Givissis will continue as Senior Vice President and Chief Accounting Officer of the Company. Douglas R. Jamieson, the Non-Executive Co-Chairman of the Board, and Mr. Peter D. Goldstein, Executive Vice President of the Company, each notified the Company of his intention to resign his position with the Company, effective August 25, 2022, in order to more fully pursue other commitments. Each of Mr. Jamieson and Mr. Goldstein has indicated that his resignation as an officer of the Company was not the result of any disagreement with management or the Board.

PMV Consumer Acquisition Corp. Stock Price

PMVC Share Price Performance

PMVC Community Narratives

Trending Discussion

Recently Updated Narratives

Snowflake Analysis

PMV Consumer Acquisition Corp. Key Details

About PMVC

Recent PMVC News & Updates

PMV Consumer Acquisition Announces Voluntary NYSE Delisting

PMV Consumer Acquisition Corp. Announces Executive Changes

Recent updates

PMV Consumer Acquisition Corp. Competitors

Investcorp Europe Acquisition Corp I

Yiren Digital

Bluemount Holdings

Vernal Capital Acquisition