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Investing.com -- Funko Inc (NASDAQ:FNKO) stock rose 2.2% following the announcement of Josh Simon as the company’s new Chief Executive Officer, effective September 1, 2025.
The pop culture lifestyle brand revealed that Simon, who previously served as Vice President of Consumer Products at Netflix (NASDAQ:NFLX), will succeed Interim CEO Mike Lunsford. Simon has also been appointed to Funko’s Board of Directors.
During his five-year tenure at Netflix, Simon oversaw the global merchandise business, live experiences, and the Roald Dahl Story Company. He built and scaled the division, creating products for major Netflix titles like Stranger Things, Bridgerton, and Squid Game.
"Josh is an exceptional leader and his extensive experience in entertainment and consumer products is exactly what Funko needs in its next CEO," said Charles Denson, Chairman of the Board of Funko.
Prior to Netflix, Simon held senior management positions at Nike (NYSE:NKE), including Vice President and Head of Global Strategy for product, design, merchandising, and categories. He also worked in film production and development at The Walt Disney Company (NYSE:DIS)’s Motion Picture Group.
Simon expressed enthusiasm about his new role, stating, "I am honored to join the team at Funko, an iconic company with a huge fan base that I admire and respect."
The appointment comes as Funko looks to capitalize on growth opportunities in the pop culture collectibles market.
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