Funko, Inc. Announces Brian Mariotti To Take Leave Of Absence And Cease Serving As Co's CEO, Michael Lunsford To Serve As Interim CEO
Portfolio Pulse from Benzinga Newsdesk
Funko, Inc. (NASDAQ:FNKO) announced that CEO Brian Mariotti will take a leave of absence and cease serving as CEO. Board member Michael Lunsford has been appointed as interim CEO. The company will commence a search for a new CEO, considering both internal and external candidates. Mariotti will remain a member of the Funko Board of Directors. Lunsford has previously served as interim CEO for EarthLink and RealNetworks.
July 13, 2023 | 8:40 pm
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Funko's CEO Brian Mariotti is taking a leave of absence, with board member Michael Lunsford stepping in as interim CEO. The company will begin a search for a new CEO.
CEO changes can cause uncertainty among investors, potentially impacting the stock price. However, the appointment of an experienced interim CEO and the company's commitment to finding a new CEO may mitigate some of this uncertainty. The impact on the stock price is neutral in the short term.
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