The North American esports organisation FaZe Clan has announced the appointment of Christoph Pachler, formerly of independent television studio Critical Content, as its Chief Financial Officer (CFO).
Pachler, who will take up his new role in October, will oversee all aspects of the organisation’s financial management. This includes financial planning, accounting and reporting, strategic development, M&A, and investor relations.
The new CFO is also expected to work closely with FaZe Clan’s executive team to develop strategies for new revenue opportunities and drive profitable growth.
Prior to his time as Critical Content’s Managing Director and CFO, Pachler held long tenures at Playboy Enterprises and Sony Pictures Entertainment. Most notably, he oversaw Playboy going private in 2011.
The news of Pachler’s hiring follows FaZe Clan reporting a net loss of $9.32m for Q2 2022 in the organisation’s first financial results since becoming a publicly listed company in 2022.
The new CFO is FaZe Clan’s second high-level appointment in 2022, following Zach Katz, who joined as its President and Chief Operating Officer (COO) in May.
Lee Trink, CEO of FaZe Clan, commented on the appointment: “We are thrilled to have Christoph join our team as he brings extensive financial, operational, and strategic experience and deep knowledge of the entertainment and media industry to FaZe Clan.”
“Christoph’s experience in working with high-growth companies, both public and private, will be a tremendous asset to FaZe Clan as we continue to innovate as the leader in internet culture and accelerate our path to profitability.”
Alongside becoming a publicly listed company this year, FaZe has made headlines both competitively and commercially. The organisation’s CS:GO team won IEM Cologne, IEM Katowice, ESL Pro League Season 15, and PGL Antwerp Major this year alone.
Meanwhile, the organisation has secured partnerships with the likes of Disney, DoorDash, and RESPAWN, among others.
Source: ESI