London, UK — HIT Entertainment, one of the world’s leading independent children’s entertainment producers and rights-owners, today announced that the company’s President & CEO, Jeffrey Dunn, and Chief Operating Officer, Sangeeta Desai, will be leaving the company after the closing of HIT’s acquisition by Mattel.
Mr Dunn, who has been leading the company since March 2008, when he was appointed by current owner APAX Funds and tasked with restoring the business and preparing it for future sale, will exit immediately following the closing of the acquisition. Ms. Desai, who became HIT’s COO in 2009, will depart following a short transition period.
Greg Dyke, HIT Entertainment’s Chairman, commented, “It has been a tremendous pleasure working with both Jeff and Sangeeta. They cared passionately about the business, the creative quality and the employees. They worked tirelessly to create a valuable company in difficult times and I wish them the very best.”