Fuhu Inc. Names Peter V. Coleman Chief Financial Officer
March 24 2014 - 9:00AM
Marketwired
Fuhu Inc. Names Peter V. Coleman Chief Financial Officer
Brings Extensive Expertise in Accounting and Finance Management
With Wealth of Experience in Technology and Media Content and
Distribution Industries
EL SEGUNDO, CA--(Marketwired - Mar 24, 2014) - Fuhu, Inc.,
creator of the award-winning nabi® tablet -- the world's first
Android tablet built just for kids -- announced today the
appointment of Peter V. Coleman, as Chief Financial Officer
effective immediately. Mr. Coleman, who brings over 20 years
of financial management and investment banking experience focused
on technology companies, will report directly to Jim Mitchell,
Fuhu's CEO.
At Fuhu, Mr. Coleman will be responsible for the Company's
corporate finance and accounting functions, manage the Company's
relationships with investors and partners, and conduct internal and
industry analysis to support the Company's goals for growth.
Mr. Coleman joins Fuhu from LOYAL3 HOLDINGS, Inc., a San
Francisco-based start-up financial technology company that
leverages social technologies to democratize the capital markets,
where he served as Chief Financial Officer beginning in
2012. At LOYAL3, Mr. Coleman had direct responsibility for
building the finance, accounting, HR, regulatory and general
operations departments and played a lead role in the company's
raising $60 million through a total of four primary
rounds. Prior to LOYAL3, Mr. Coleman was Chief Financial
Officer at Merriman Holdings, Inc. (OTCQX: MERR), from 2008-2012,
where he executed the financial and operational turnaround of the
publicly traded financial services firm. At Merriman he formed
the Media and Entertainment Banking Group which focused primarily
on studios, exhibitors, gamers and other media content and delivery
solutions. He also served concurrently as Chief Executive
Officer of Merriman's primary subsidiary, Merriman Capital,
Inc. From 2004-2008, he was Chief Operating Officer and Chief
Financial Officer of ThinkEquity Partners, LLC where he also served
as a member of the firm's Board of Directors and Global Management
Committee.
"Peter brings extensive strategic, financial and accounting
experience as well as a deep understanding of the technology and
media content development and distribution industries to his new
role," said Jim Mitchell, CEO of Fuhu. "This background will be
invaluable to our management team and finance and accounting
departments as we continue to focus on growing the company through
the delivery of custom experiences and solutions. I am
confident that Peter's experience will enable him to quickly play a
key role in our future growth and success."
"I am very excited to join Fuhu at a time of tremendous product
innovation and growth," commented Peter Coleman on his appointment.
"Fuhu offers a compelling value proposition through the consistent
introduction of new and unique experiences for specific markets
through technology and integrated solutions that pave new
roads. I look forward to working with Jim and the entire Fuhu
team to achieve the Company's strategic and financial goals."
Fuhu was recently named America's #1 Most Promising company
(2014) by Forbes Magazine and America's #1 Fastest Growing Company
(2013) by Inc. Magazine. The nabi tablet currently ranks as
the #1 best-selling tablet for kids and #2 best-selling Android
tablet in retail. Fuhu's nabi ecosystem of grown up tech for kids
-- including sound-adjustable headphones, all-terrain cameras, and
other sleek accessories -- are now carried in the electronics area
of over 17,000 retail locations with major national support from
retailers including Wal-Mart and Target. Later this year, Fuhu
plans to introduce a new premium tablet, The DreamTab (in
collaboration with DreamWorks Animation), a new operating system
and compelling new content and ecommerce experiences.
Beginning in 1997, Coleman was a highly regarded equity research
analyst covering the software industry at Schwab Capital
Markets/Soundview Technology Group and at Bank of America
Securities, LLC. He also was an analyst in the high yield
research department for Montgomery Securities prior to its
acquisition by NationsBank/Bank of America. Mr. Coleman holds
a B.A. in Business Administration from the University of San
Diego.
About Fuhu, Inc. Fuhu, Inc., the creator of the nabi tablet, is
the leading designer, seller and innovator of thoughtful consumer
products and services for children. Fuhu is committed to
creating children's solutions that are: (1) socially responsible,
(2) made right, (3) make a difference in people's lives, (4) For
Parents. By Parents. ® and (5) dedicated to the intellectual
development of children. Fuhu, Inc. is the No. 1
Fastest-Growing Private Company amongst 5,000 in America as ranked
by Inc.'s exclusive 32nd Inc. 500|5000 list. Fuhu is headquartered
in El Segundo, Calif., with offices in Denver, San Jose, China,
Hong Kong, Taipei and Japan. For more information, visit
www.fuhu.com and www.nabi.com.
Contact: Grace Ryu 310-227-8230 ext. 1020 Email Contact
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