INDUSTRY NEWS


NexCen CEO Steps Down
Robert W. D’Loren Resigns From Top Post

NEW YORK (August 18, 2008)—Robert W. D’Loren has resigned as CEO and board of directors member at NexCen Brands, Inc. (NEXC). Current executive vice president, CFO and treasurer Kenneth J. Hall was appointed as his successor.

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NexCen manages franchised brands such as The Athlete's Foot.

“We are pleased to have Ken take on the role of CEO,” says chairman David S. Oros. “Ken has been instrumental in completing the restructuring of the company’s financing arrangements, and we are confident in his ability to lead NexCen as the company continues to execute the business restructuring plan initiated in May, which focuses on the franchising business.”

Hall boasts more than 25 years of cross-functional operating, strategic and financial leadership experience, including driving growth and bottom-line results for public and private companies across a variety of industries. In addition, he has held executive leadership positions with NYSE- and NASDAQ-listed companies as well as private companies, including Global DirectMail, Icon CMT Corp., the National Football League, and Mercator Software. Prior to joining NexCen, Hall as CFO and treasurer of Seevast Corp., a leading online-media holding company comprised of ad networks, Pulse 360 and Kanoodle, as well as a domain asset management company, Moniker, for which Hall led the successful sale.

The company will begin its search for a new CFO.

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