The appointment follows former CEO Cynthia Williams abruptly leaving office after several tough quarters.Williams took office in May 2024, but was dismissed by the board of directors just two months later. The company urgently needs a visionary leader to stabilize the situation and lead the future.

During his tenure as Vice President of Consumer Products at Netflix, Simon led the team to build a global derivatives ecosystem.He led the launch of more than 40 immersive experience events, covering more than 300 cities around the world; and successfully transformed popular IPs such as Stranger Things, Bridgerton Family, and Squid Games into phenomenal products.In addition, he also promoted the establishment of Netflix's self-operated e-commerce channels and established solid cooperative relationships with retail giants such as Walmart, Target, and Primark.

As of Tuesday, Netflix has not responded to media requests for comment.

"Josh is a visionary leader, and his extensive experience in entertainment and consumer goods is what Funko needs to move towards the next phase of growth. He has worked for world-class companies such as Netflix, Nike and Disney, with a deep foundation in operations, licensing and strategy. We are looking forward to unlocking more brand potential under his leadership."

Simon himself expressed his eager anticipation for the new role: “I feel extremely honored to be joining Funko, an iconic brand that is loved by fans around the world. Today, people are keen to create a deeper emotional connection with their beloved characters through lifestyle brands. I believe that Funko has unlimited possibilities, and we will work together to open up a broader market, surprise fans and create value for shareholders.”