Spectrum Auction Group Appoints New Chief Financial Officer

Last Updated on Wednesday, 14 April 2010 11:40 Written by a2e Wednesday, 14 April 2010 11:40

Spectrum Group International, Inc. announced that it has appointed Paul Soth as its Chief Financial Officer and Executive Vice President, effective immediately.

Mr. Soth, aged 51, served as Director of Income Tax Processes and Systems for Harrah’s Entertainment, Inc. from August 2009 until April 2010, and as Corporate Controller and Tax Manager for Fontainebleau Resorts from August 2006 to May 2009. Mr. Soth also served as Tax Manager of Mandalay Resort Group from August 1999 to April 2005. Mr. Soth graduated from California State University, San Marcos, with a B.S. in Business Administration — Accounting, and is completing his M.S. in Accountancy from the University of Phoenix.

Thor Gjerdrum, who served as Chief Financial Officer of the Company since June 2008, will return to A-Mark Precious Metals on a full-time basis, serving as Chief Financial Officer of A-Mark and focusing on the commercial aspects of the Company’s trading business, particularly its financing operations.

Spectrum Group is a consolidated global collectibles network. The Company is a leading auctioneer of stamps, coins, rare and fine vintage wine, and arms, armor and militaria, targeting both collectors and dealers. Spectrum is also a merchant/dealer of certain collectibles and trader of precious metals. The Company’s collectibles offerings span the modest to ultra high-end price spectrum.

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