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--- Quote --- EVERETT, Wash.--(BUSINESS WIRE)-- Funko, Inc. (“Funko” or “the Company”) (Nasdaq: FNKO), a leading pop culture lifestyle brand, today announced a series of leadership changes to strengthen the Company’s operations, drive enhanced returns for stockholders and best position Funko to capture the significant opportunities ahead. These changes include:

    Brian Mariotti, Chief Creative Officer, board member and former Chief Executive Officer of Funko, has been appointed Chief Executive Officer, effective immediately. Mr. Mariotti succeeds Andrew Perlmutter, who is stepping down as CEO and will become President, effective immediately. As President, Mr. Perlmutter will focus primarily on growing the Company’s brands and will remain on the Board of Directors. Mr. Mariotti has a mandate from the Board to identify operational improvements while continuing to drive profitable growth.

    Jennifer Fall Jung is stepping down as Chief Financial Officer, effective immediately. The Board has initiated a search to identify the Company’s next permanent CFO. Scott Yessner will serve as interim CFO until Ms. Fall Jung’s successor is identified. Mr. Yessner has been engaged through Tatum, a global talent services firm, and brings a 20-year track record of helping companies during transformative periods.

    The Board is also creating a new role of Chief Operating Officer and will work to identify a world class executive to fill that role and lead the Company’s operational improvements. The Board has retained a leading executive search firm to assist in the search for the permanent CFO and the COO.

    The Company has engaged Steve Nave as a consultant to the Company, effective immediately, and he will work full-time alongside the management team to drive strategic and operational execution. Mr. Nave brings decades of leadership experience in retail, consumer and e-commerce with a track record of leading companies through significant growth. He held several executive leadership positions with Walmart.com and Bluestem Brands, including serving as Walmart.com’s Chief Financial Officer, Chief Operating Officer and Chief Executive Officer followed by serving as the Chief Executive Officer of Bluestem Brands.

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