Dunn, who has helmed the company since March 2008, will exit immediately following the closing of the acquisition. Desai, who became chief operating officer in 2009, will depart following a short transition period.
Under Dunn and Desai’s leadership, HIT’s brands have enjoyed much success. Thomas & Friends is the world’s number one pre-school toy property. Fireman Sam is the UK’s number two pre-school boys’ property following reinvigoration of its creative content and the appointment of a new master toy licensee. New property Mike the Knight debuted as the number one show on CBeebies, achieving multiple sales to leading global broadcasters and securing a considerable licensee base.
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