Tomy strengthens European business with leadership changes
Former Tomy Europe EVP Mark Foster leaves as Tomy International takes over leadership of Europe business to strengthen global alignment
Tomy has announced a number of major changes to its leadership structure in order to better align its regional divisions and strengthen its global expansion.
The move will see Tomy International, the subsidiary of Japanese parent company Tomy Company, Ltd. that handles both North and Latin America, take over responsibility for the firm's European business.
Mark Foster, formerly Executive Vice President of Tomy Europe, left the organisation on 18 June. Effective immediately Tomy International President Pete Henseler and COO Greg Kilrea will take on this new international assignment.
Mary Wood, who joined Tomy UK last year from Vivid, remains at the helm of the UK business, reporting in to the global team.
“With this change, we are well positioned to execute our ongoing strategy to more closely align our Tomy International regions in order to continue expanding our global footprint," said Kazuhiro Kojima, President and Chief Operating Officer of Tomy Company, Ltd. "We have been working closely with our management teams throughout Europe and the Americas in this effort. Integrating the management reporting under Pete and Greg will help to continue this global alignment.
“I would like to thank Mark for his many valuable contributions and service over the past three years. He has worked hard to lead our European team through challenging transitions in our industry and we wish him all the best in the future."
On his departure, Mark Foster said: “I am leaving the company in a good place. We have achieved our targets and have some great plans in place for the next five years. Tomy will flourish and the team is very strong to continue the work that we have planned together.”