Former Mattel exec John Kimble joins Jakks Pacific

Jakks Pacific has appointed the former Mattel executive John Kimble as its new chief financial officer.

Kimble will replace Brent Novak who was responsible for bringing Jakks Pacific through a recapitalisation process earlier this year. Kimble previously led the corporate development for Mattel.

Jakks Pacific is currently valued at $29 million and has recently traversed a tough few months of takeover bids to report a boost in quarterly sales thanks to the launch of its latest product line for Disney’s Frozen franchise.

“With Jakks’ recent recapitalisation in the rear window, I believe that my skill sets, which include experience in finance, licensing, gaming, and international sales, will allow me to assist Jakks in the development and implementation of its business strategies aimed at increasing shareholder value,” said Kimble.

Jakks Pacific’s chief executive, Stephen Berman, added: “We believe Kimble’s financial management skills coupled with his entrepreneurial experience will serve us well as we continue to implement our strategy of growth both domestically and internationally.”

Berman himself has had his employment with Jakks Pacific extended for another year, through to December 31, 2021.

About Robert Hutchins

Robert Hutchins is the editor of ToyNews and its sister title, Licensing.biz. He has worked his way from Staff Writer to Editor across the two titles, having spent almost eight years with both and what now seems like a lifetime surrounded by toys. You can contact him by emailing robert.hutchins@biz-media.co.uk or calling him on 0203 143 8780 You can even follow him on Twitter @RobGHutchins if ranting is your thing...

Check Also

Spin Master considering global roll-out of Scholarship programme ‘based on market interest’

Spin Master will be considering the expansion of its new Future of Play Scholarship Programme …