Funko has announced the appointment of Michael Lunsford as Interim CEO, effective July 5. Lunsford, who previously served as Funko’s Interim CEO from 2023-2024 and has been a board member since 2018, steps in following the departure of former CEO Cynthia Williams.
“The Board of Directors thanks Cynthia for her many accomplishments during her tenure at Funko,” said Chairman of the Board, Charles Denson. “We believe a change in leadership is necessary to deliver full shareholder value and believe Mike’s appointment positions us accordingly.”
According to Chairman of the Board Charles Denson, the leadership change is intended to help Funko deliver greater shareholder value and accelerate strategic priorities. The Board has tasked Lunsford with identifying a new CEO, exploring financial and strategic options for the business, and unlocking new growth opportunities.
In a statement, Lunsford emphasized his belief in the Funko brand’s untapped potential, citing the company’s iconic products, loyal fan base, and strong licensing and retail partnerships. His focus will center on navigating current market challenges while realigning the business for long-term, profitable growth.
“I believe we have yet to achieve the full potential of Funko,” said Lunsford. “We have an iconic brand, passionate fans, great licensing and retail partners, and a dedicated team of highly capable employees. The recent changes to the global business environment have constrained our growth initiatives, and we intend to first address those challenges, but always with an eye towards the long-term growth of the business. We will continue to focus on profitable growth and delighting our fans.”
Funko continues to serve a global fan community with an expansive portfolio of brands and products, including its flagship Pop! figures, Loungefly accessories, Bitty Pop!, and Mondo collectibles. Founded in 1998 and headquartered in Washington state, Funko remains a major player in the kidult market and pop culture collectibles space.
For more Funko, visit funko.com.
Trending Products
