Funko appoints Michael Lunsford as interim CEO following Williams departure

Funko Inc. (NASDAQ: FNKO) announced Monday that Michael Lunsford has been appointed interim chief executive officer, effective July 5, 2025. The appointment follows the departure of Cynthia Williams from her role as CEO on the same date.

Lunsford previously served as Funko's interim CEO in 2023-2024 and continues as a member of the company's board of directors. The pop culture lifestyle brand is based in Everett, Washington.

"The Board of Directors thanks Cynthia for her many accomplishments during her tenure at Funko," said Chairman Charles Denson. "We believe a change in leadership is necessary to deliver full shareholder value and believe Mike's appointment positions us accordingly."

The board has tasked Lunsford with helping identify a new permanent CEO, accelerating organic growth, and exploring financial and strategic options for the business. Denson noted that Lunsford has experience leading companies through corporate transitions.

"I believe we have yet to achieve the full potential of Funko," Lunsford said. "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."

Funko operates brands including Funko, Loungefly, and Mondo, producing vinyl figures, collectibles, fashion accessories, and other pop culture merchandise. The company's products include its Pop! line and other collectible items.

The information is based on a company press release statement.

You May Also Be Interested In

• Synaptics CFO resigns amid pending ON Semiconductor merger
• Arbutus plans $230M share repurchase via Dutch auction tender offer
• Professional Diversity Network forms AI subsidiary with no assets yet