Evertt, WA — Funko CEO Cynthia Williams resigned and has been replaced by board member Michael Lunsford on an interim basis.

Lunsford previously served as Funko’s Interim CEO in 2023-2024 following Andrew Perlmutter’s resignation and continues to serve as a member of the Company’s Board of Directors.

“The Board of Directors thanks Cynthia for her many accomplishments during her tenure at Funko,” said Chairman of the Board, Charles Denson. “We believe a change in leadership is necessary to deliver full shareholder value and believe Mike’s appointment positions us accordingly. Mike is experienced in leading several companies, including Funko, through successful corporate transitions. The Board has asked Mike to help us realize the full potential of the business, including helping to identify a new chief executive officer, accelerating our organic growth, and exploring all financial and strategic options for the business.”

“I believe we have yet to achieve the full potential of Funko,” said Lunsford. “We have an iconic brand, passionate fans, great licensing and retail partners, and a dedicated team of highly capable employees. 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. We will continue to focus on profitable growth and delighting our fans.”