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.
Leslie Ferraro has been named president, Disney Consumer Products, effective immediately. A 16-year Disney veteran, she most recently served as Walt Disney Parks and Resorts’ executive vice president, global marketing, sales and travel operations, where she was responsible for leading the marketing and sales teams in developing numerous highly successful consumer campaigns worldwide.
On Tuesday, April 14, after a severe and protracted period of illness, Dr. Dieter Stadlbauer passed away surrounded by his family. During five decades in the toy business, Dr. Stadlbauer built a local wholesale company into an international company group.
Mattel Inc. has appointed Joseph B. Johnson to senior vice president and corporate controller, effective immediately. Johnson joins Mattel from Chiquita Brands International Inc., where he served as vice president, chief accounting officer, and treasurer. Previously, he held a number of leadership roles with Resolute Forest Products, an international wood and paper products company, including senior vice president, finance, and chief accounting officer.
Johnson succeeds Scott Topham, who has elected to retire from Mattel.