First, its warehouse move to Arizona was called, by some, a disaster. A lawsuit followed. Then a cooling market left them with excess inventory. Now its CEO is stepping down. It all raises the question: Is anyone having fun at Funko?. However, the company says it will conduct a search for a chief executive.Mariotti has been CEO since December 2022. Board member Michael Lunsford will serve as interim chief executive.
Funko is the Everett-based pop culture toymaker known for vinyl figurines with big heads and little bodies. When the company issues characters in limited qualities, their value can go through the roof. “While I’m going to step away from the day-to-day business to recharge my batteries, I plan to stay active on our board,” he added. “I hope to come back and contribute to Funko again in new creative ways. I look forward to seeing our team and fans at San Diego Comic-Con next week.”