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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.
EVERETT, Wash.--(BUSINESS WIRE)-- Funko, Inc. (Nasdaq: FNKO) (“Funko” or “the Company”), a leading pop culture lifestyle brand, today announced that it will hold a conference call on Wednesday, March 1, 2023, at 4:30 p.m. ET to discuss its financial results for the fourth quarter ended December 31, 2022.The conference call will be webcast and can be accessed on the investor relations section of the Funko website at You are not allowed to view links. Register or Login. Following completion of the call, a recording of the webcast will be available on the website.
Looks like Funko is making some bad decisions on the Mondo front....not a good day for news coming out of Austin.
Funko's CFO clarified details about the recent layoffs at Mondo, revealing that the business' poster runs would continue and expand its print numbers with a broader scope.Mondo tweeted out a letter from Funko CEO Brian Mariotti, explaining the plans for the company. Namely, Mariotti wanted to clear up some "misinformation" about the Mondo layoffs and the company's future. He began by revealing that Funko had not laid off most of Mondo's staff, stating that employees with the poster makers only accounted for about 10% of the firings. Then, he addressed the claims that the poster side of the business had been axed. "The Mondo posters will continue, period," he stated, "We feel that making extremely limited runs of posters, most of which are 150 pieces or under, limits access to fans unfairly. Many of these posters are bought with the sole purpose of flipping them at a much higher cost to fans that really want them."