Strengthens Management Team and Positions Company for Growth with
Addition of Chief Operating Officer, Chief Information Officer, and
EVERETT, Wash.–(BUSINESS WIRE)–Funko, one of the leading creators and innovators of licensed pop
culture products, announced today that it has added several highly
respected executives to key leadership roles to support the Company’s
continued growth. Michael McBreen has been named Chief Operating
Officer, Sarathy Annamraju joins as Chief Information Officer, and Tracy
Daw has been appointed Senior Vice President and General Counsel.
“As we continue to expand our business and increase our diversification,
it was critical to ensure we have the right resources and team in place
to support our efforts,” said Brian Mariotti, President and CEO of
Funko. “The additions of Mike, Sarathy and Tracy, all highly respected
and seasoned executives, significantly bolsters the depth and strength
of our operations, technology and compliance expertise. Mike brings
extensive operations experience, particularly with companies undergoing
fast-paced growth and global development. Sarathy’s expertise in
building high performing global technology teams to deliver breakthrough
customer experiences will be invaluable as we continue to focus on
elevating our connected ecosystem to further engage with our fans.
Furthermore, Tracy’s deep legal knowledge and background will provide
the oversight and structure needed as we execute on our growth strategy.
Mariotti continued, “These new additions build upon our strong existing
management team that includes highly talented individuals like Pixar
Animation Studios and Walt Disney Company veteran Ben Butcher, our Vice
President of Creative. I’m confident that their combined insight and
expertise will help Funko to continue to lead the market as the one-stop
provider of all fan-based pop culture merchandise.”
Mr. McBreen possesses over 25 years of experience in a variety of
industries and business models, most recently he served as Division
Senior Vice President of Product Development and Global Sourcing for
Payless ShoeSource where he led all design, product development,
sourcing, costing, materials, quality and social responsibility. Prior
to Payless, he was President of Global Operations for Wolverine World
Wide, Inc. Prior to that, he was Director of Global Apparel Operations
and Strategic Planning at Nike as well as a Director in the Supply Chain
Center of Excellence at PricewaterhouseCoopers. Mr. McBreen received a
B.S. in Chemical Engineering from Iowa State University.
Mr. Annamraju joins Funko from Microsoft where he spent more than a
decade in various leadership roles, most recently as Senior Director
with Windows Universal Store and Microsoft IT where he managed a
multi-disciplinary global team to deliver and operate a modern platform.
Prior to Microsoft, he served as Senior Manager of Telecom, Media and
Entertainment for Capgemini. Previously, Mr. Annamraju was Co-Founder
and Managing Director at TriSAB Telecom Consulting and a Developer and
Program Manager for Bell Canada. Mr. Annamraju received his B.S. in
Computer Science from Concordia University in Montreal.
Mr. Daw brings more than 15 years of in-house legal experience to Funko.
Most recently, he served as General Counsel at INRIX, a leading provider
of connected driver services in cars where he was responsible for global
legal affairs, with emphasis on corporate and intellectual property
matters. Prior to INRIX, he served as Senior Vice President, Chief Legal
Officer and Corporate Secretary at RealNetworks, a publicly traded
company in Seattle, WA. Previously, he was a partner in the law firm
of Sidley Austin in Chicago. He received his J.D. from the University of
Michigan Law School and a B.S. degree from Cornell University.
Headquartered in Everett, WA, Funko is one of the leading creators and
innovators of licensed pop culture products to a diverse range of
connected consumers. Funko designs, sources and distributes
high-velocity collectible products across multiple categories including
vinyl figures, action toys, plush, apparel, housewares and accessories
for consumers who seek tangible ways to connect with their favorite pop
culture brands and characters. In 2015, Funko received a majority
investment from ACON Investments, L.L.C, a diversified international
private equity firm. As a leader in the large and growing $15 billion
global licensed pop culture products market, Funko currently holds one
of the largest portfolio of licenses and the rights to create tens of
thousands of characters. Funko’s Pop! Vinyl is one of the most popular
stylized vinyl collectibles on the market, selling millions of figures
to collectors around the world. Learn more at https://funko.com/,
and follow us on Twitter (@OriginalFunko) and Instagram (@OriginalFunko).
About ACON Investments
ACON Investments, L.L.C. is a Washington, DC-based international private
equity investment firm that manages private equity funds and special
purpose partnerships that make investments in the United States and
Latin America. Founded in 1996, ACON has responsibility for managing
approximately $4.8 billion of capital. ACON has professionals in
Washington, DC, Los Angeles, Mexico City, São Paulo and Bogotá. For more
information, visit www.aconinvestments.com.
Jessica Liddell/Julia Young, 203-682-8200