“Funko has been my labor of love for nearly two decades,” Mariotti said in a statement. He will remain as a board member.
“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.” Lunsford previously served as interim CEO for EarthLink, an internet service provider, and RealNetworks, a Seattle-based internet streaming software. at warehouses in Everett and Puyallup and consolidated its distribution operations to a Phoenix suburb in 2022.
Sales of Funko’s characters grew during the pandemic. But the run at Funko cooled, leaving the company with excess inventory. filed by a Funko shareholder who claimed the company wasn’t adequately prepared when it moved its distribution center last year from Washington to Arizona. The lawsuit alleged the company failed to tell investors that it was experiencing significant delays in the rollout of a new software program, critical “to the efficient operation of its new distribution center.”
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