Funko CEO Appointment May Come in 2Q -- Market Talk

Dow Jones03-12

1409 ET - Funko's long-awaited permanent CEO appointment likely isn't far off, according to DA Davidson analyst Linda Bolton Weiser. She says in a research note that with the resignation of CFO and COO Steve Nave--effective March 15--Funko's CEO appointment is likely going to come in 2Q. Nave was named to his dual roles back in March 2023 as part of a turnaround effort, with Brian Mariotti stepping down as CEO and taking a leave of absence. Weiser has noted previously that the company was looking to resolve all operating issues before naming a permanent CEO. Shares fall 5% to $6.52. (ben.glickman@wsj.com; @benglickman)

(END) Dow Jones Newswires

March 11, 2024 14:09 ET (18:09 GMT)

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