TOMY International Announces Executive Management Transition Kilrea elevated to CEO and Nagatake appointed COO as Stoelting steps down
OAK BROOK, Ill., April 10, 2013 /PRNewswire/ -- TOMY International (www.tomy.com) announces the promotion of Gregory J. Kilrea to President and Chief Executive Officer and Masayuki Nagatake to Chief Operating Officer. The Board of Directors of TOMY Company, Ltd. has approved these appointments as Curtis W. Stoelting resigns from his positions as Chief Executive Officer and Director of TOMY Company, Ltd. to pursue other business opportunities.
Kilrea has been with the Company since 2004, having served most recently as President of TOMY International, and prior to that as the Company's Executive Vice President and Chief Operating Officer.
Kilrea's focus will be to strengthen TOMY's global platform and brand portfolio, deepen relationships with key licensor, trade and vendor partners as well as set the vision and strategies required to drive further growth.
Masayuki Nagatake has been named Chief Operating Officer for TOMY International. Nagatake will focus primarily on TOMY's toy and hobby business and will remain as a key liaison with TOMY Company, Ltd. to ensure global strategic alignment.
About TOMY International
TOMY International (www.tomy.com) is a leading global designer, producer and marketer of a broad range of innovative, high-quality toys sold to preschoolers, youths and adults under the TOMY®, Ertl®, Johnny Lightning® and Tomica® brands as well as products for mothers, infants and toddlers marketed under its The First Years®, Lamaze, JJ Cole® Collections and Boon® brands. TOMY International also markets its products under popular and classic licensed properties such as Chuggington, Pokémon, Dinosaur Train, John Deere, Disney's Winnie the Pooh, Princesses, Cars, Fairies and Toy Story, and other well-known properties. TOMY International's mission is to inspire and fulfill the dreams of children and parents worldwide. TOMY International reaches its target consumers through multiple channels of distribution supporting more than 25,000 retail outlets throughout North and South America, Europe and Australia. TOMY International is a wholly owned subsidiary of Japan-based TOMY Company, Ltd. (Tokyo Stock Exchange Code No. 7867). © TOMY
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