Al Kahn steps down from 4Kids

Long time chairman and CEO retires after almost 25 years.
Author:
Publish date:
Social count:
0
1_Al Kahn - 4Kids, small.jpg

4Kids Entertainment has announced that Al Kahn has retired from his role as chairman and CEO, with immediate effect.

Kahn has spent almost 25 years with 4Kids. Director Michael Goldstein has been appointed interim chairman of the company, with a seach for a new CEO underway.

"I have reached the point in my career where I want to relinquish my responsibilities at 4Kids," Kahn confirmed. "The last several years have been particularly difficult and demanding with the business of 4Kids being buffeted by the financial crisis.

"After helping steer the company through challenging times, I have decided that it is the right moment for me to retire. I believe that going forward, Michael Goldstein and the team of experienced 4Kids executives will do an excellent job for our clients and for our shareholders."

Goldstein has been a director at 4Kids since March 2003 and has a raft of experience in the toy and licensing business, having also held roles at Toys R Us.

"4Kids is negotiating for merchandise licensing rights and television broadcast rights to a number of promising new properties which we hope will create future revenue streams for the company," he stated.

Yu Gi Oh is also due to have a strong 2011, with a 3D movie releasing in the US in February.

4Kids is also continuing to explore a variety of strategic alternatives, including a review of the capital structure of the business and a possible sale of all or a portion of the company's stock or business.

"I want to thank Al for his years of service. We wish him success in his future endeavors," Goldstein concluded.

Related

Featured Jobs

Aardman Job Logo 620 x 349

Brand Manager (Maternity Cover)

Part of the brand team, The Brand Manager works closely with several members of the department, including Studio Publicist, Community Managers, Licensing, Sales and Attractions and Live Experiences teams to implement local and international strategies in the form of brand plans and maximising on all activity surrounding the properties.

Universal Job Logo 620 x 349

Senior Graphic Designer, EMEA - Consumer Products

Working in tandem with the Product Development team and reporting into the Design Manager EMEA, the purpose of this role is to drive forward our creativity across all licensed consumer products. As part of the creative team, you’ll be developing exceptional creative assets and product concepts for numerous NBCUniversal franchises that inspire licensing partners across the entire region.

SanrioJob Logo 620 x 349

Creative Manager

Best known for global icon Hello Kitty, Sanrio has a portfolio of more than 400 characters. We license a unique collection of branded gifts, stationery and fashion accessory items while collaborating with the most respected companies in the world. Our EMEA business coordinates the development licensing throughout Europe, Russia, Middle East, Africa, Asia (for Mr Men), Australia and New Zealand. An exciting, permanent opportunity has come up at our London office to lead our Design team as Creative Manager (m/f)

Vivid Job Logo 620 x 349

Digital Marketing Executive - Toys & Games

Vivid is Britain’s biggest toy company and the 20 largest in the world. With offices across the globe, they sell an amazing portfolio of toys and games to over 60 countries. Vivid is best known for its association with blockbuster brands and is very excited about future opportunities around the world.