Iconix Brand Group Inc. said Dec. 18 that board chairman Peter Cuneo has been appointed executive chairman of the board of directors, effective immediately.

Cuneo, who has been a member of the board since 2006, will focus on evaluating strategic opportunities, overseeing financial and legal functions and working toward stabilizing the company's balance sheet.

The company said CEO John Haugh will continue to serve as Iconix's chief executive and will remain focused on core licensing and brand management functions.