Changes are afoot at Toysmith.
After five years at his post, Michael Keaton will step down as CEO and exit the company later this year.
The industry vet made the announcement to his team on Monday and plans to continue in his role until a new CEO is named in the fourth quarter.
Toysmith's strong position and promising future make this the perfect time for me to step down and allow a new CEO to take the helm, supported by our capable leadership team."
Keaton joined Toysmith from Schleich North America in 2019 where he served as President. Prior to his role at Schleich, he spent 13 years at The LEGO Group. At Toysmith, Keaton helped navigate changing business needs during the COVID-19 pandemic amid a corporate restructuring. Last year, the company relocated its offices and warehouse.
“I want to thank the Toysmith owners for their confidence in my leadership and the Toysmith Team for an amazing experience,” adds Keaton of his time with the company. Looking ahead, he says he plans to spent more time with his family while pursuing volunteer activities, including work with The Toy Foundation.
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