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Management Changes at TOMY; Stoelting Resigns

TOMY International announced the promotion of Gregory Kilrea to president and CEO and Masayuki Nagatake to COO. The board of directors of TOMY Company, Ltd. has approved these appointments as Curtis Stoelting resigns from his position as CEO 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 COO.

Masayuki Nagatake has been named COO for TOMY International. Nagatake will focus primarily on TOMY’s toy and hobby business and will remain as a key liaison with Takara TOMY in Japan to ensure global strategic alignment.