David Norman | Source: Goliath/The Toy Book

A new era of leadership has begun at Goliath North America.

David Norman has announced his retirement and is passing the torch to Peter Boutros who steps in as the company’s new president. Boutros joins the company from the Sears spinoff Kenmore/Craftsman/Diehard (KCD) and previously held roles at Disney and RSI Development. For the past two years, he’s served as vice-chair of the Goliath advisory board.

“It has been my honor and privilege to serve this great company for the last 13 years. I am proud of the Goliath team and all we have accomplished,” Norman says. ” This is the right time for a change in leadership and I have all the confidence that Peter will continue to lead the organization to great success.”

In a recent interview with Mary Couzin at People of Play, Norman explained his departure and his desire for more family time.

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“It’s an absolute privilege to take the reins from here to lead the local teams and work with our global brand and development team s to expand the already vast portfolio and bring new business opportunities to our channel partners and playful experiences to children and families across the U.S. and Canada,” Boutros says. “A key priority will be to spearhead go-to-market opportunities of owned international brands such as Wahu, a hugely successful Australian brand in the outdoor play and recreational categories.”

Due to Boutros’ new role, longtime Hasbro executive Wiebe Tinga will assume the open seat on the board.

Goliath was founded by Adi Golad in 1980 and continues to remain a family-owned business.