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Funko Appoints New Chairman of the Board, Charles Denson
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Very Positive)
Tags
management
Rhea-AI Summary
Funko, Inc. announced significant leadership changes with Charles Denson appointed as Chairman of the Board, succeeding Ken Brotman, who remains a board member. Andrew Perlmutter, the new CEO since January 3, 2023, will also join the Board, replacing Gino Dellomo. Denson's experience in digital commerce and global brand development is expected to drive Funko's growth in pop culture products. The company continues to focus on connecting fans with their favorite brands through diverse product offerings.
Positive
Appointment of Charles Denson as Chairman, bringing extensive experience in retail and innovation.
Andrew Perlmutter, as CEO, joins the Board, providing continuity in leadership.
Negative
None.
Chief Executive Officer Andrew Perlmutter to Join Board of Directors
EVERETT, Wash.--(BUSINESS WIRE)--
Funko, Inc. ("Funko,” or the “Company”) (Nasdaq: FNKO), a leading pop culture lifestyle brand, today announced Charles Denson, a current member of the Board, has been appointed Chairman of the Board effective immediately. Mr. Denson replaces Ken Brotman of ACON Investments, who will continue to serve as a board member.
“I feel very privileged to take on this role at such an exciting time for Funko,” said Mr. Denson. “The company is at the center of fan culture and innovation in consumer products and the opportunities ahead for Funko are massive.”
Also, effective immediately, Chief Executive Officer Andrew Perlmutter, who was appointed Chief Executive Officer on January 3rd and succeeds Chief Creative Officer Brian Mariotti, will join the Board, replacing Gino Dellomo of ACON Investments.
“I’m thrilled for Charlie to step into the Chairman role. His expertise in digital commerce and building leading global brands make him ideally suited to help accelerate Funko’s next phase of global growth,” said Mr. Perlmutter.
Mr. Mariotti added, “Charlie has been an integral member of the board and brings decades of experience in retail and product innovation. I look forward to continuing to work alongside him on our Board of Directors as he steps into the role of Chairman.”
Mr. Denson is President and Chief Executive Officer of Anini Vista Advisors and has served on the Funko board since its formation in 2017. After receiving his marketing degree from Utah State, Mr. Denson spent 35 years at NIKE, where he held multiple positions, including time as vice president of United States and European sales, and serving as president of NIKE Brand for 13 years.
ABOUT FUNKO
Headquartered in Everett, Washington, Funko is a leading pop culture lifestyle brand. Funko designs, sources and distributes licensed pop culture products across multiple categories, including vinyl figures, board games, action toys, plush, apparel, housewares and accessories for consumers who seek tangible ways to connect with their favorite pop culture brands and characters. Learn more at https://funko.com/, and follow us on Twitter (@OriginalFunko) and Instagram (@OriginalFunko).
