Funko Renames Michael Lunsford as Interim CEO

Everett-based Funko, Inc., a leading pop culture lifestyle brand, today announced that Michael Lunsford has been appointed as the Company’s Interim Chief Executive Officer, effective July 5th, 2025.

Former Funko CEO Cynthia Williams resigned

The appointment follows the departure of Cynthia Williams from her role as the Company’s Chief Executive Officer, effective on the same date. Ms. Williams had only served as the CEO a little over a year. She was appointed CEO with a start date of May 20th, 2024

In the company’s Q1 2025 earnings report, net sales fell 11.6% year over year to $190.7 million, and net loss widened to $28 million, compared to $23.6 million in Q1, 2024.

Interim CEO Michael Lunsford

Mr. Lunsford previously served as Funko’s Interim Chief Executive Officer in 2023-2024 when Brian Mariotti took a leave of absence,  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.”

Here’s what Michael Lunsford had to say about his interim CEO role:

“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.”