MGA Entertainment Appoints New CFOMGA Entertainment Appoints New CFO

MGA Entertainment has announced the promotion of Martin J. Elliott to chief financial officer, effective immediately. Elliott succeeds Stephen Schultz, who will remain in an advisory role at the company until the end of 2020. Elliott will report directly to chief executive officer and founder Isaac Larian.

“Martin is a solid financial leader who understands our business and how to maintain its profitability and debt-free status,” says Larian, chief executive officer and founder, MGA Entertainment. “Since his time at MGAE, Martin has brought forth a keen sense of market awareness and insights related to financial analysis and driving profitable growth. I am confident that under Martin’s leadership and Steve’s mentorship MGAE will continue to maintain its position and will grow high double digits this year.”

Since joining MGA Entertainment in 2015 as vice president, financial planning and analysis, Elliott has guided the profitable growth of the company, including oversight of financial planning and analysis, corporate development, cost management, capital allocation and growth optimization. Elliott also played a role in driving growth and maintaining the lowest operating cost structure in the toy industry, while at the same time building a corporate finance team that has enhanced the company’s global financial capabilities.

“I am honored to play a deeper role in ensuring that MGAE is best positioned to continue bringing bold innovation to the toy industry,” says Elliott. “I look forward to continuing to work with our talented creative and leadership teams and delivering industry leading returns.”

Elliott is working alongside Schultz, who has been with MGAE for more than a decade, to ensure a seamless transition. This will include a thorough overview of all fiscal functions of the corporation, as well as aligning with the executive management team to establish long-range goals, strategies, plans and policies.