TORONTO, April 5, 2021 /PRNewswire/ - Spin Master Corp.
(TSX: TOY) (www.spinmaster.com), a leading global children's
entertainment company, today announced the nomination of
Ed Clark and Max Rangel to the company's Board of Directors.
Clark will join the Board as Deputy Chair while Rangel will serve
as a Director. Both will stand for election at Spin Master's Annual
General Meeting on May 6, 2021.
"Ed is a legendary Canadian business leader with demonstrated
experience of driving significant growth and stewarding large,
successful companies," said Anton
Rabie, Spin Master's Co-Founder. "We are so privileged to
have him join the Board as Deputy Chair, bringing his deep business
and governance experience to help guide Spin Master's next phase of
growth."
Clark is an experienced board director with a storied career in
the financial industry, including holding the role of Group
President and Chief Executive Officer of TD Bank Group from 2002
until his retirement in 2014. During that time, he oversaw a
pronounced focus on retail operations and customer relations that
saw TD grow to become Canada's
second largest bank with global brand recognition. In 2010, he was
made an Officer of the Order of Canada, one of the country's highest
distinctions and in 2016, he was inducted as a Companion of the
Canadian Order of the Business Hall of Fame.
Rangel joined Spin Master in January
2021 as Global President and now expands his role, becoming
Global President & CEO and Board Director. He is responsible
for the execution of the Company's long-term strategy and leading
day-to-day operations. Rangel is a seasoned executive who has
successfully led global businesses generating growth across
multiple consumer packaged goods categories. Prior to joining Spin
Master, he held progressive positions with SC Johnson & Sons
serving as SVP, President of Lifestyle Brands in International
Markets and SVP, President, Asia
Pacific, Africa, Middle
East & Russia regions.
"We are pleased to welcome both Ed and Max to the Board
and are energized to work together to accelerate Spin Master's
growth and create long-term value for our shareholders," said
Ronnen Harary, Spin Master's
Co-Founder. "We have a clearly defined vision for our future,
we have full confidence in our strategy, and we see the tremendous
potential of our three creative centres encompassing toys,
entertainment and digital games."
With the addition of Clark and Rangel, the Board will comprise
12 members, including Spin Master Co-Founders, Ronnen Harary and Anton
Rabie, who will continue to drive the long-term vision and
strategy for the company, as well as pursue external partnerships
and explore M&A opportunities. Harary will remain actively
involved in the creative process for the entertainment creative
centre and continue his oversight of the digital games creative
centre. Rabie will provide guidance on Spin Master's talent and
culture globally.
About Spin Master
Spin Master Corp. (TSX:TOY) is a leading global children's
entertainment company creating exceptional play experiences through
a diverse portfolio of innovative toys, entertainment franchises
and digital games. Spin Master is best known for award-winning
brands PAW Patrol®, Bakugan®, Kinetic Sand®, Air Hogs®,
Hatchimals®, Rubik's Cube® and GUND®, and is the toy licensee for
other popular properties. Spin Master Entertainment creates and
produces compelling multiplatform content, stories and endearing
characters through its in-house studio and partnerships with
outside creators, including the preschool success PAW
Patrol and nine other original shows along with multiple
short-form series, which are distributed in more than 190
countries. The Company has an established digital presence anchored
by the Toca Boca® and Sago Mini® brands, which combined have more
than 40 million monthly active users. With close to 2,000 employees
in 28 offices globally, Spin Master distributes products in more
than 100 countries. For more information visit spinmaster.com or
follow on Instagram, Facebook and Twitter @spinmaster.
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SOURCE Spin Master