Funko Appoints Jennifer Fall Jung as Chief Financial Officer
July 23 2019 - 8:30AM
Funko, Inc. ("Funko,” or the “Company”) (Nasdaq: FNKO), a leading
pop culture consumer products company, announced today the
appointment of Jennifer Fall Jung as Chief Financial Officer,
effective August 13, 2019. Ms. Fall Jung will succeed Russell
Nickel, whose planned departure was previously announced on April
16, 2019.
Ms. Fall Jung brings over 20 years of experience in financial
and executive leadership roles at Gap, Inc., most recently serving
as Senior Vice President, Corporate Finance and Investor
Relations. In this role, Ms. Fall Jung oversaw long-range
financial planning, financial portfolio management and
communication to the investment community. During her tenure
at Gap, Inc., Ms. Fall Jung also served in several roles at Old
Navy, including Chief Financial Officer and Senior Vice President
of Old Navy Global and Head of International, where she oversaw
four years of consecutive sales growth for the global,
multi-channel retailer, launched new international markets, and
optimized the brand’s real estate footprint. In addition, Ms.
Fall Jung’s experience includes e-commerce, capital allocation,
logistics and distribution, and inventory management. Other
previous roles include Chief Financial Officer and Senior Vice
President of Gap North America and Chief Financial Officer and Vice
President of Strategy and Real Estate for Gap, Inc. Outlet.
“On behalf of the entire Company, I’m pleased to welcome
Jennifer to the Funko team,” said Brian Mariotti, Funko’s Chief
Executive Officer. “Funko is at the epicenter of pop culture, and
we believe Jennifer’s proven track record at an iconic company with
deep consumer brand loyalty will be invaluable as we introduce new
product lines and engage fans with the content they love. With
Jennifer’s experience in operations and growing international
markets, I’m confident that Funko will be well positioned to
further diversify our portfolio and extend our geographic reach as
we capitalize on the 500-billion-dollar global pop culture
market.”
“I was drawn to Funko for its fast and forward-thinking approach
to pop culture, which has contributed to the Company having one of
the largest portfolios in the collectibles industry,” said Ms. Fall
Jung. “It’s clear that the Funko brand is resonating with consumers
globally, and I look forward to working closely with this
creatively talented team to enhance Funko’s international
partnerships, operations and engagement, as well as to deliver
sustainable shareholder value creation.”
As previously announced, Mr. Nickel has agreed to remain with
the Company in an advisory capacity through the end of the year to
facilitate the transition of the Chief Financial Officer role.
About Funko
Headquartered in Everett, Washington, Funko is a leading pop
culture consumer products company. Funko designs, sources and
distributes licensed pop culture products across multiple
categories, including vinyl figures, action toys, plush, games,
apparel, housewares and accessories for consumers who seek tangible
ways to connect with their favorite pop culture brands and
characters. Learn more at https://funko.com/.
Forward Looking Statements
This press release contains forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995. All statements contained in this press release that do not
relate to matters of historical fact should be considered
forward-looking statements, including statements regarding Jennifer
Fall Jung’s service as Chief Financial Officer, further
diversifying our portfolio and extending our geographic reach,
enhancing Funko’s international partnerships, operations and
engagement, and delivering sustainable shareholder value creation.
These forward-looking statements are based on management’s current
expectations. These statements are neither promises nor guarantees,
but involve known and unknown risks, uncertainties and other
important factors that may cause our actual results, performance or
achievements to be materially different from any future results,
performance or achievements expressed or implied by the
forward-looking statements, including, but not limited to, the
following: our ability to attract and retain qualified employees
and maintain our corporate culture; our ability to maintain and
realize the full value of our license agreements; the ongoing level
of popularity of our products with consumers; changes in the retail
industry and markets for our consumer products; our ability to
maintain our relationships with retail customers and distributors;
our ability to compete effectively; fluctuations in our gross
margin; our dependence on content development and creation by third
parties; our ability to develop and introduce products in a timely
and cost-effective manner; our ability to obtain, maintain and
protect our intellectual property rights or those of our licensors;
potential violations of the intellectual property rights of others;
risks associated with counterfeit versions of our products; risks
associated with our international operations; changes in U.S. tax
law; foreign currency exchange rate exposure; the possibility or
existence of global and regional economic downturns; our dependence
on vendors and outsourcers; risks relating to government
regulation; risks relating to litigation, including products
liability claims and securities class action litigation; any
failure to successfully integrate or realize the anticipated
benefits of acquisitions or investments; reputational risk
resulting from our e-commerce business and social media presence;
risks relating to our indebtedness and our ability to secure
additional financing; the potential for our electronic data to be
compromised; the influence of our significant stockholder, ACON,
and the possibility that ACON’s interests may conflict with the
interests of our other stockholders; risks relating to our
organizational structure; volatility in the price of our Class A
common stock; and the potential that we will fail to establish and
maintain effective internal control over financial reporting. These
and other important factors discussed under the caption “Risk
Factors” in our quarterly report on Form 10-Q for the quarter ended
March 31, 2019 and our other filings with the Securities and
Exchange Commission could cause actual results to differ materially
from those indicated by the forward-looking statements made in this
press release. Any such forward-looking statements represent
management’s estimates as of the date of this press release. While
we may elect to update such forward-looking statements at some
point in the future, we disclaim any obligation to do so, even if
subsequent events cause our views to change. These forward-looking
statements should not be relied upon as representing our views as
of any date subsequent to the date of this press release.
Contacts
InvestorsSean McGowansmcgowan@gatewayir.com
MediaJessica Piha-Grafsteinjessicap@funko.com
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