IDW Media Holdings (OTC PINK: IDWM) has appointed Managing Partner of Raging Capital Management, Kenneth H. Traub, to its board of directors.
Mr. Traub brings over 25 years of senior management, corporate governance, and transactional experience with various public and private companies as Chief Executive Officer, director and active investor. His broad experience encompasses managing dynamic growth, transitions, turnarounds, strategic transactions and liquidity events. Traub earned an MBA from Harvard Business School in 1988. Raging Capital Management is an investment management firm headquartered near Princeton, NJ. Raging Capital Master Fund owns 745,699 shares of IDW Media Holdings.
“We are delighted to add the talent of this respected executive with a strong track record of success to our Board,” said IDW Media Holdings CEO Ted Adams. “Ken has extraordinary business expertise and his keen insight make him a great fit for the IDW Media Holdings Board.”
“I am thrilled to be joining the board of IDW at this exciting time for the company,” said Kenneth Traub. “I am looking forward to working with the rest of the IDW board and management team as the company explores a wide range of opportunities to capitalize on its award winning content and continues to grow into a fully integrated media company.”
# # #
All statements above that are not purely about historical facts, including, but not limited to, those in which we use the words “believe,” “anticipate,” “expect,” “plan,” “intend,” “estimate,” “target” and similar expressions, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. While these forward-looking statements represent our current judgment of what may happen in the future, actual results may differ materially from the results expressed or implied by these statements due to numerous important factors. Our filings with the SEC provide detailed information on such statements and risks, and should be consulted along with this release. To the extent permitted under applicable law, we assume no obligation to update any forward-looking statements.