Alliance Entertainment Appoints Amanda Gnecco as Chief Financial Officer
Rhea-AI Summary
Alliance Entertainment (NASDAQ:AENT) has appointed Amanda Gnecco as its new Chief Financial Officer, effective immediately. Gnecco, who previously served as Chief Accounting Officer, has been with the company since 2018 and played a crucial role in Alliance's transition from private to public company.
A Certified Public Accountant with over a decade of financial leadership experience, Gnecco will oversee all financial operations, including strategic planning, investor relations, SEC reporting, treasury operations, and regulatory compliance. She previously held senior financial roles at Envision Healthcare and Pet Supermarket, and holds a Master's degree in Accounting from Keller Graduate School of Management.
Gnecco assumes the CFO position from Jeff Walker, who previously held dual roles of CEO and CFO.
Positive
- Promotion from within demonstrates strong internal talent pipeline and succession planning
- New CFO brings extensive public company and financial leadership experience
- Separation of CEO and CFO roles improves corporate governance structure
Negative
- Transition period may require adjustment as roles are separated between CEO and new CFO
Insights
Amanda Gnecco's promotion to CFO separates previously combined CEO/CFO roles, strengthening Alliance Entertainment's executive structure as they execute post-public transition strategy.
Alliance Entertainment has formalized its executive structure by promoting Amanda Gnecco from Chief Accounting Officer to CFO, separating roles previously combined under CEO Jeff Walker. This structural change represents a maturation in the company's leadership framework following its transition to public status.
Gnecco's promotion establishes dedicated financial leadership during a critical growth phase. Her experience orchestrating the company's private-to-public transition demonstrates valuable public markets expertise. The formalization of separate CEO and CFO positions signals corporate governance enhancement that typically appeals to institutional investors and supports scaling operations.
The executive reshuffling creates specialized focus areas - Walker can concentrate on strategic and operational leadership while Gnecco manages financial operations, investor relations, and capital structure optimization. Her expanded responsibilities now include strategic financial planning, investor relations, debt management, and regulatory compliance oversight.
This appointment brings continuity through internal promotion rather than external hiring, preserving institutional knowledge while still evolving the leadership structure. For a public company navigating growth initiatives, dedicated financial leadership typically enables more sophisticated capital allocation strategies and strengthened financial controls.
PLANTATION, Fla., July 23, 2025 (GLOBE NEWSWIRE) -- Alliance Entertainment (Nasdaq: AENT) is pleased to announce the promotion of Amanda Gnecco to Chief Financial Officer (CFO), effective immediately.
Amanda Gnecco, Chief Financial Officer, Alliance Entertainment (Nasdaq: AENT)
Amanda previously served as Chief Accounting Officer and her leadership has been instrumental in driving financial strategy with corporate objectives, optimizing reporting processes, compliance and operational excellence across the organization. She brings over a decade of financial leadership experience and has been a key contributor to the organization’s growth and transformation.
“Amanda’s promotion to CFO is a reflection of her exceptional leadership, deep financial expertise, and unwavering commitment to our company’s success,” said Jeff Walker, CEO of Alliance Entertainment. “Since joining Alliance in 2018, she’s played a pivotal role in orchestrating our transition from a private to a public company, and her strategic insight will be critical as we continue to scale and innovate.”
“I’m honored to step into the role of Chief Financial Officer and grateful for the trust our leadership team has placed in me,” said Gnecco. “I’m proud to continue to shape the company’s strategic direction and look forward to building on our momentum, driving financial discipline, operational excellence, and long-term value creation. I’m especially thankful to my team for their partnership, talent, and dedication. We remain committed to transparency and strong shareholder engagement as we execute our growth strategy.”
Prior to joining Alliance Entertainment, Amanda led high-performing accounting teams and held senior financial roles at Envision Healthcare and Pet Supermarket. She holds a Master of Science degree in Accounting from Keller Graduate School of Management, where she graduated with honors and was Valedictorian of her class. She also earned a Bachelor of Arts degree in Accounting from Midwestern State University and is a Certified Public Accountant.
As CFO, Amanda will oversee all financial operations, including strategic planning and analysis, investor relations, audit and SEC reporting, lender negotiations and debt management, treasury operations, budgeting and forecasting, tax strategy, internal controls, risk management, and regulatory compliance. She will be instrumental in shaping the company’s financial strategy, ensuring rigorous financial discipline, enhancing transparency with shareholders, and supporting Alliance Entertainment’s long-term growth initiatives.
Bruce Ogilvie, Chairman of the Board, added, “Amanda exemplifies the kind of forward-thinking leadership that defines Alliance Entertainment. She brings integrity, insight, and a proven track record. Her promotion is not only well-earned, but also a strategic move that strengthens our executive team as we pursue long-term value creation.”
Gnecco assumes the CFO role from Walker, who previously held dual roles of CEO and CFO.
About Alliance Entertainment
Alliance Entertainment (NASDAQ: AENT) is a premier distributor and fulfillment partner for the entertainment and pop culture collectibles industry. With more than 325,000 unique in-stock SKUs — including over 57,300 exclusive titles across compact discs, vinyl LPs, DVDs, Blu-rays, and video games — Alliance offers the largest selection of physical media in the market. Our vast catalog also includes licensed merchandise, toys, retro gaming products, and collectibles, serving over 35,000 retail locations and powering e-commerce fulfillment for leading retailers. The company’s growing collectibles portfolio includes Handmade by Robots™, a stylized vinyl figure line featuring licensed characters from leading entertainment franchises. Leveraging decades of operational expertise, exclusive licensing partnerships, and a capital-light, scalable infrastructure, Alliance is a trusted partner to the world’s top entertainment brands and retailers. Our omnichannel platform connects collectors and fans to the products, franchises, and experiences they love — across formats and generations. For more information, visit www.aent.com.
Forward Looking Statements
Certain statements included in this Press Release that are not historical facts are forward-looking statements for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements generally are accompanied by words such as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “plan,” “predict,” “potential,” “seem,” “seek,” “future,” “outlook,” and similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding estimates and forecasts of other financial and performance metrics and projections of market opportunity. These statements are based on various assumptions, whether identified in this Press Release, and on the current expectations of Alliance’s management and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as and must not be relied on by an investor as, a guarantee, an assurance, a prediction, or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of Alliance. These forward-looking statements are subject to a number of risks and uncertainties, including risks relating to the anticipated growth rates and market opportunities; changes in applicable laws or regulations; the ability of Alliance to execute its business model, including market acceptance of its systems and related services; Alliance’s reliance on a concentration of suppliers for its products and services; increases in Alliance’s costs, disruption of supply, or shortage of products and materials; Alliance’s dependence on a concentration of customers, and failure to add new customers or expand sales to Alliance’s existing customers; increased Alliance inventory and risk of obsolescence; Alliance’s significant amount of indebtedness; our ability to refinance our existing indebtedness; our ability to continue as a going concern absent access to sources of liquidity; risks and failure by Alliance to meet the covenant requirements of its revolving credit facility, including a fixed charge coverage ratio; risks that a breach of the revolving credit facility, including Alliance’s recent breach of the covenant requirements, could result in the lender declaring a default and that the full outstanding amount under the revolving credit facility could be immediately due in full, which would have severe adverse consequences for the Company; known or future litigation and regulatory enforcement risks, including the diversion of time and attention and the additional costs and demands on Alliance’s resources; Alliance’s business being adversely affected by increased inflation, higher interest rates and other adverse economic, business, and/or competitive factors; geopolitical risk and changes in applicable laws or regulations; risk that the COVID-19 pandemic, and local, state, and federal responses to addressing the pandemic may have an adverse effect on our business operations, as well as our financial condition and results of operations; substantial regulations, which are evolving, and unfavorable changes or failure by Alliance to comply with these regulations; product liability claims, which could harm Alliance’s financial condition and liquidity if Alliance is not able to successfully defend or insure against such claims; availability of additional capital to support business growth; and the inability of Alliance to develop and maintain effective internal controls.
For investor inquiries, please contact:
Dave Gentry
RedChip Companies, Inc.
1-407-644-4256
AENT@redchip.com
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/d54a8a6b-76b6-4276-b302-2301dfec7787
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