Toy maker Tomy names new CEO

OAK BROOK, Ill. — Toy manufacturer, Tomy International has promoted Gregory Kilrea to president and CEO and Masayuki Nagatake to COO. The board of directors of Tomy Company, Ltd. has approved these appointments as Curtis Stoelting resigns from his positions as CEO and director of TOMY Company, Ltd. to pursue other business opportunities.

Kilrea has been with the company since 2004, having served most recently as president of Tomy International, and prior to that as the company's EVP and COO.

Kilrea's focus will be to strengthen Tomy's global platform and brand portfolio, deepen relationships with key licensor, trade and vendor partners as well as set the vision and strategies required to drive further growth.

Masayuki Nagatake has been named COO for Tomy International. Nagatake will focus primarily on Tomy's toy and hobby business and will remain as a key liaison with Takaratomy in Japan to ensure global strategic alignment.