Angel Expands Leadership Team as It Prepares for Public Offering with New Board Members
In a significant move signaling its readiness to enter public markets, Angel Studios has bolstered its leadership team. The film and television platform, recognized for its unique model curated by over one million members of the Angel Guild, has announced key appointments to its Board of Directors and executive roles. This development comes as part of the upcoming business combination with Southport Acquisition Corporation, expected to take place in September 2024.
The newly appointed members include Robert C. Gay, who joins as a Board member, alongside Scott Klossner as Chief Financial Officer (CFO) and Glen Nickle as Chief Legal Officer (CLO). Patrick Reilly, the previous CFO, will continue to contribute as Senior Vice President of Finance, ensuring continuity in the company's financial strategies.
Neal Harmon, the Co-Founder and CEO of Angel, expressed enthusiasm over the new appointments. "We are thrilled to welcome Bob, Scott, and Glen at such a pivotal moment for our company. Their extensive experience in public companies, capital markets, and business growth will be invaluable as we prepare for our transition to public trading," said Harmon.
Robert Gay brings a wealth of experience, having founded Kensington Capital Holdings and co-founding HGGC, a middle market private equity firm. His previous roles include managing director at Bain Capital and extensive involvement in various philanthropic and educational initiatives. He has an impressive academic background with a Ph.D. in Business Economics from Harvard and is also a General Authority emeritus of the Church of Jesus Christ of Latter-day Saints.
Scott Klossner adds over 35 years of experience in public companies to the team. His career has included significant roles such as CFO at Field Nation, where he oversaw field technician operations, and at Mercato Partners Acquisition Corporation, which merged with Nuvini Ltd. Notably, he has held leadership positions in high-growth firms, including Kount Inc. and Backcountry.com. Klossner's educational credentials include a B.S. in finance and an MBA from top institutions, equipping him with the expertise necessary to navigate the complexities of public financial management.
Glen Nickle’s legal acumen spans more than three decades, focusing on regulatory matters that are crucial for public companies. Prior to joining Angel, he served as CLO at Beyond, Inc. (formerly Overstock.com), where he managed various legal and compliance operations. Nickle's academic qualifications include a Juris Doctor and Master of Accountancy from Brigham Young University, solidifying his role in ensuring that Angel meets all regulatory requirements as it evolves into a public entity.
Angel Studios has consistently embraced a values-driven approach, engaging its community of Angel Guild members to influence the types of films and shows it produces and promotes. With such a strong leadership team in place, Angel is well positioned not just for its public listing, but also for its ongoing mission to amplify meaningful stories that resonate with diverse audiences.
The impending merger with Southport Acquisition Corporation aims to finalize the transition to being a publicly-traded company under the ticker symbol 'ANGX' upon completion. Investors’ interest in Angel is expected to grow as it prepares for this major milestone, facilitating support for filmmakers and enriching the landscape of inspirational entertainment.
As Angel prepares for these exciting changes, the new additions to its leadership team reflect its commitment to growth, innovation, and fulfilling its mission of distribution for uplifting content.