Funko Inc's CEO, CFO step down; shares rise

Funko

05/12/2022 22:41

** Shares of bobble-head maker Funko Inc  FNKO.O  up 3.5% at
$10.75 after market 
    ** Company says CEO Andrew Perlmutter is stepping down and
will become president effective immediately
    ** Chief Creative Officer and former CEO Brian Mariotti to
succeed Perlmutter
    ** FNKO adds CFO Jennifer Fall Jung is also stepping down
and the board has started a search for a permanent CFO
    ** Scott Yessner, who has been engaged through global talent
services firm Tatum, will serve as interim CFO
    ** Company says board is also creating a new role of chief
operating officer
    ** As of Monday's close, company's shares down ~45% this
year
 (Reporting by Ananya Mariam Rajesh in Bengaluru)
 ((AnanyaMariam.Rajesh@thomsonreuters.com; Twitter: https://twitter.com/AnanyaMariam))