Aegis Brands announces CEO Transition Update

Executive Summary

• Aegis Brands Inc. announced that Steven Pelton is stepping down as President, Chief Executive Officer, and Director, effective immediately.
• The Board of Directors has appointed an executive management committee to lead day-to-day operations during the search for a new CEO.
• The committee consists of Melinda Lee (CFO), Chris Fountain (COO), and Tara Ramsay (VP People), operating under Board oversight.

Key Details

• CEO Departure: Steven Pelton is stepping down from his roles as President, CEO, and Director to pursue another professional opportunity.
• Interim Leadership Structure: An executive management committee will assume control of daily operations, franchisee support, guest satisfaction initiatives, and strategic execution.
• Committee Members:
  • Melinda Lee, Chief Financial Officer
  • Chris Fountain, Chief Operating Officer
  • Tara Ramsay, VP People
• Board Statement: Chair Anthony Longo expressed full confidence in the leadership team's ability to ensure operational continuity while the search for a permanent CEO concludes.
• Previous Context: This update follows a prior news release dated May 28, 2026, regarding the CEO transition.

Notable Quotes

• "The Board has full confidence in our leadership team and their ability to ensure operational continuity while we conclude our search for the next CEO," said Anthony Longo, Chair of the Board of Directors.