South Bend toy company hires CEO, CFO
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South Bend-based toy company Round 2 has hired former Toys “R” Us executive Richard Barry as CEO and Matthew Lynn as chief financial officer. The company said last week its former leader and founder, Tom Lowe, will become chairman.
Round 2, a portfolio company of New York-based Praesidian Capital, said Barry and Lynn are poised to expand the company’s market and reach. Round 2 produces collectibles like model kits, die casts and classic slot cars.
“Round 2 has clearly established itself as a leader in the collectibles and toy markets and we are excited and fortunate to be able to bring on two very talented and accomplished executives,” said Tom Duffy, Praesidian Capital partner.
Barry has years of experience in the children’s toy and entertainment industry. He was previously the CEO emeritus and president and CEO of Tru Kids Brands. Before that, he held a slew of roles at Toys “R” Us, including global chief merchandising officer, until it transitioned into Tru Kids.
“Round 2 has built a loyal customer base of enthusiasts through its commitment to innovation, quality, design, and detail,” Barry said in a news release. “Together with our talented teams, in Indiana and Arkansas we will continue to create and deliver exceptional products that capture the hearts of our loyal enthusiasts and kids worldwide.”
Coming in as CFO, Lynn has over 15 years of transaction and accounting advisory experience and was previously CFO for South Bend-based REAL Services, which provides assistance to elderly adults and families.