Funko Replaces CEO with New Hire, MacKenzie-Childs Appoints CFO and CMO, Nike's Converse to Get New CEO

Funko has replaced its CEO, while 1stDibs has appointed Bradford Shellhammer as chief marketing and product officer. Nike's Converse brand has a new president and CEO, Aaron Cain, replacing Jared Carver. MacKenzie-Childs has named Kristen Schrieber as CFO and Margaret Wakeland as chief merchandising officer.

Title: Leadership Changes and Strategic Appointments in the Retail and Fashion Sectors

Funko, Inc. has announced significant leadership changes, including the appointment of Michael Lunsford as Interim Chief Executive Officer, effective July 5, 2025, following the departure of Cynthia Williams [1]. The company's stock has been trading near $4.86, having declined nearly 65% over the past six months. Lunsford, who previously served as Interim CEO in 2023-2024 and remains a member of the company's Board of Directors, has been tasked with accelerating organic growth, exploring financial and strategic options, and identifying a new permanent CEO. Funko's next earnings report, scheduled for July 31, 2025, will be closely watched by investors.

1stDibs, Inc. has appointed Bradford Shellhammer as Chief Marketing Officer and Chief Product Officer, effective next month [2]. Shellhammer joins from Rent the Runway and will lead the company's Product, Marketing, and Customer Support functions. His deep experience in home and luxury collectibles will guide him in shaping marketing strategies, driving customer engagement, and overseeing product development efforts to enhance the user experience [3].

Nike, Inc. has replaced the CEO of its struggling Converse brand with Aaron Cain, a 21-year Nike veteran and current vice president and general manager of Nike’s men’s business [4]. Cain will succeed Jared Carver, who has been in the role for two years. The appointment comes amidst broader executive changes at Nike, including the promotion of Tony Bignell to chief innovation officer and Amy Montagne to Nike brand president. The changes are part of Nike's broader efforts to accelerate its turnaround progress [5].

MacKenzie-Childs has named Kristen Schrieber as CFO and Margaret Wakeland as chief merchandising officer, reflecting the company's ongoing strategic initiatives to strengthen its financial and operational leadership [6].

These leadership changes and appointments signal a focus on strategic growth and operational improvements across these companies, as they navigate evolving market conditions and consumer preferences.

References:
[1] https://au.investing.com/news/company-news/funko-appoints-michael-lunsford-as-interim-ceo-as-williams-departs-93CH-3917121
[2] https://www.businesswire.com/news/home/20250707351965/en/1stDibs-Names-Bradford-Shellhammer-its-Chief-Marketing-Officer-and-Chief-Product-Officer
[3] https://www.marketscreener.com/quote/stock/1STDIBS-COM-INC-123528969/news/1Stdibs-Com-Inc-Announces-the-Appointment-of-Bradford-Shellhammer-as-Chief-Marketing-Officer-and-C-50448586/
[4] https://wwd.com/footwear-news/shoe-industry-news/converse-ceo-change-nike-veteran-aaron-cain-heads-brand-1237977636/
[5] https://seekingalpha.com/news/4466586-nike-replaces-converse-ceo-with-head-of-mens-division