New ceo and first exec chairman for Amscan International

Chief executive officer, Gary Panons, will become Amscan’s first executive chairman and be succeeded by current chief financial officer and chief operating officer, Joe Hennigan on 1 April 2022.

The popular licensee has revealed the change as it prepares for further national and international growth. The company has a turnover of over £250m and employs around 2,500 people worldwide, 350 of which are based in the UK.

Gary, who joined the business in 2011, commented: “There are hugely exciting times ahead for Amscan International with further organic growth and acquisitions. We have incredibly supportive investors and partners in Endless, a great leadership team and a wealth of experience and energy across all areas of our business.

“Part of any evolution is growing, developing and harnessing positive change. These changes to our board structure are entirely right for the stage and future success of our business, and I am delighted that Joe will be my successor as ceo. His strategic insight, deep experience of the industry and relentless pursuit of success will be instrumental to further growth.”

Joe, who has been working at Amscan since 2016, added: “We have an exceptional team at Amscan International and we are all excited for what the future holds as we further expand the business. We have a clear strategic growth plan and the funds available to make additional investments to accelerate the plan.

“These are exciting time and I look forward to continuing to work closely with Gary and the senior management team as we progress our strategic plan.”

Also from 1 April, current group finance director, Rob Sidell, will become chief financial officer. He joined the business last October.

Want to read more news like this? Simply sign up to our daily digest by clicking here. You can also follow @LicensingSource on Twitter and @licensing_source on Instagram.

WildBrain CPLG's corporate and lifestyle division has secured multi-territory rights for the British heritage brand....
Launching from 1 January 2023 in the US, Canada and Latin America, the collection will aim to offer the 'ultimate' in sensory experiences....
"We are extremely proud to add such a loved and respected brand to our magazine portfolio."...
Danilo's Dan Grant on consumers and retailers valuing strong brands....
Robin Dent will manage the day to day relationship with national accounts, while simultaneously focusing on their growth and expansion, aligning with Rubies 365 business plan....
The telecomms company has teamed up with Pantone for a new multi-year partnership which will see the Pantone Color Institute inspire a fresh collection of smartphones....
Get the latest news sent to your inbox
Subscribe to our daily newsletter

The list doesn't exist! Make sure you have imported the list on the 'Manage List Forms' page.