Australian toy business, Funtastic, has appointed a new CEO, David Jackson, after Steven Leighton – the outgoing CEO – tendered his resignation in January.
Jackson possesses extensive experience in restoring and transforming consumer product businesses, most recently serving at Britax Childcare as managing director.
Prior to that role, Jackson held CEO positions at Sunbeam Corporation and Escor Group, as well as senior management positions at Myer, Pacific Brands and Pacific Dunlop.
Jackson also has knowledge across product development, supply chains, retail and consumer channels, as well as the ability to overhaul product categories to deliver profitable growth. He also has experience in leading businesses through changing and competitive markets, as well as ensuring the basics are correct to deliver growth, innovation and diversification.
Funtastic chairman, Shane Tanner, said that Jackson joins the Funtastic business at a key moment in the business' history.
“We are excited to have David join the Funtastic business in this key leadership role at an important point in the company’s history.
“David brings a wealth of experience in consumer products and has a track record of developing and executing strategic plans to deliver top and bottom line growth.
“David has a deep and practical understanding of the requirements to develop and build brands that will ensure Funtastic can unlock value.”
Since his resignation, Leighton has worked with Funtastic on a part-time basis to assist with Jackson's transition into the role. He has also been working with the Funtastic board to assist with the company's growth strategy, especially in the areas of sourcing and new product licensing.
Leighton had served as CEO since July 2017 and had contributed greatly to the financial restructuring of the business. He was also instrumental in winning the Toy Story 4 rights for Funtastic in Australia and New Zealand.
Jackson was appointed on 15 April and will begin his role on 02 May, on a fixed contract of $450,000 per annum.