Saban Brands has named Janet Hsu as its new CEO, effective August 17. As Saban Brands’ first CEO, Hsu will be responsible for overseeing the company’s portfolio of global entertainment properties, as well as being instrumental in acquiring additional brands and building new intellectual properties.
The Step2 Company LLC has named Robert Jourdian as its new vice president of research and development. Jourdian comes to Step2 with more than 30 years of product design experience, 25 of which were spent at the senior product design level at Fisher-Price Inc., a division of Mattel Inc.
The president of Nintendo Co. Ltd., Satoru Iwata, passed away on July 11 due to a bile duct growth, as reported by Nintendo.
The 55-year-old Iwata had served as CEO of Nintendo of America since being appointed to the position in June of 2013. He also served as the video game giant’s director, president, and representative director.
The Toy Book sends its sincerest condolences.
littleBits Electronics Inc. has landed $44.2 million in new funding to further its growth. The additional funding round was led by DFJ Growth, with additional participation from new investors Morgan Stanley Alternative Investment Partners, Grishin Robotics, and Wamda Capital, among others.
Kathee Tesija, executive vice president, chief merchandising and supply chain officer at Target Corp., will move into an advisory role effective July 6. Tesija has spent nearly 30 years at Target, contributing to the retailer’s growth and recent efforts to regain momentum.
In her new role, she will spend the next several months contributing to key enterprise initiatives and ensuring a smooth transition of her responsibilities.
Effective October 6, Kathleen McHugh will resign her position as president of the American Specialty Toy Retailing Association (ASTRA).
“It is bittersweet to be moving on at a time when ASTRA is stronger, more financially stable, and more of a force in the toy industry than it has ever been,” says McHugh. “It will be difficult to leave an organization with such an important mission and so full of many valued friends, colleagues, and mentors.
Wonder Workshop has appointed Raghu Sethuraman as COO and Ned Ward as vice president of marketing. Sethuraman will lead global operations, finance, customer service, and reseller partner organizations. He brings more than 16 years of leadership experience to Wonder Workshop from fast growing global e-commerce, supply chain, manufacturing, finance, and customer service organizations including Amazon.