Trans World Entertainment Ups Anderson to CFO8 Feb, 2013 By: Erik Gruenwedel
Trans World Entertainment Corp. has promoted John Anderson to CFO from the positions of acting CFO and principal accounting officer.
New York-based Trans World operates 376 f.y.e. (For Your Entertainment) retail locations nationwide, specializing in movies and music, in addition to Second Spin used packaged-media stores and related websites.
Anderson, who has been with TWEC for 18 years, retains his role as principal accounting officer. He had been acting CFO since last July, following the departure of CFO Tom Seaver.
The 43-year-old Anderson receives an initial base salary of $240,000 per year, and will be eligible to participate in the company’s executive incentive program. He reports to CEO Robert Higgins.