{"id":22265,"date":"2022-01-28T09:13:42","date_gmt":"2022-01-28T14:13:42","guid":{"rendered":"https:\/\/dev2.worldscreen.com\/tvkids\/playmonster-names-new-ceo-secures-capital\/"},"modified":"2022-01-28T12:36:21","modified_gmt":"2022-01-28T17:36:21","slug":"playmonster-names-new-ceo-secures-more-capital","status":"publish","type":"post","link":"https:\/\/worldscreen.com\/tvkids\/playmonster-names-new-ceo-secures-more-capital\/","title":{"rendered":"PlayMonster Names New CEO, Secures More Capital"},"content":{"rendered":"<p>PlayMonster has received fresh funding from global private markets firms Adams Street Partners and H.I.G Capital and has promoted Tim Kilpin to the role of CEO.<\/p>\n<p>Kilpin was formerly president of PlayMonster. He previously served as president and CEO of Activision Blizzard\u2019s consumer products business and president and chief commercial officer for Mattel.<\/p>\n<p>Former PlayMonster CEO Bob Wann is retiring from the company.<\/p>\n<div class=\"page\" title=\"Page 1\">\n<div class=\"layoutArea\">\n<div class=\"column\">\n<p>The significant capital investment and leadership change symbolizes PlayMonster&#8217;s latest chapter as a top international toy and game company and sets the foundation for continued growth and innovation in 2022 and beyond.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<p>Bill Sacher, partner at Adams Street, said, \u201cPlayMonster has gained the trust of countless families with their iconic toys and games, and nearly 40 years of rich company history. We believe in the PlayMonster vision, leadership and values, and we&#8217;re eager to support the company&#8217;s growth.\u201d<\/p>\n<p>\u201cIt\u2019s an exciting time of strategic development and expansion, charting further success for PlayMonster,\u201d said John Yeager, managing director of H.I.G Capital. \u201cNot only is the business strong, but the inherent value in what PlayMonster brings to kids and families in all of its products is something incredibly positive that we are proud to be part of.\u201d<\/p>\n<p>Kilpin said: \u201cOur relationship with Adams Street and H.I.G Capital greatly accelerates our goal to become one of the industry&#8217;s top global toy companies and echoes our steadfast dedication to delivering great play experiences for consumers. We&#8217;re eager to work with two firms that share our vision and values and have what it takes to create magic in 2022.\u201d<\/p>\n<p>\u201cBob\u2019s passion for the power of play and delivering innovation to consumers has been transformational for the company, and his overall dedication to the entire toy industry truly inspiring,\u201d added Kilpin. \u201cWe offer him our sincerest thanks and best wishes as he moves into a new chapter.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>PlayMonster has received fresh funding from global private markets firms Adams Street Partners and H.I.G Capital and has promoted Tim Kilpin to the role of CEO.<\/p>\n","protected":false},"author":350,"featured_media":22266,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"pmpro_default_level":0,"footnotes":""},"categories":[21],"tags":[5091],"class_list":["post-22265","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-top-stories","tag-playmonster","pmpro-has-access"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - 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