Move follows Mattel takeover
LONDON — Hit Entertainment prexy and CEO Jeffrey Dunn and chief operating officer Sangeeta Desai are leaving following its acquisition by Mattel.
Dunn has run the tyke specialist since March 2008, when he was hired by then owner, private equity outfit Apax. He will quit once the sale is complete.
Desai, appointed COO in 2009, will exit after a short transitional period.
Both roles are expected to go to execs within Mattel, which paid $680 million for Hit in October.
Hit chairman Greg Dyke said of the pair, “They cared passionately about the business, the creative qualities and the employees. They worked tirelessly to create a valuable company in difficult times and I wish them the very best.”
Hit’s extensive list of kids’ properties include “Thomas and Friends,” “Pingu” and “Bob the Builder.”