Variety has reported that FUNimation Entertainment founder, president, and CEO Gen Fukunaga has stepped down from his role as general manager and into a chairman role. According to an internal memo from Fukunaga to staff, the company has begun a search for a new general manager, and Fukunaga will “work closely with them to ensure a smooth transition.”

Fukunaga said in the memo that he will “continue to have oversight of the business and will focus on managing relationships with our content partners.” He will also serve in an advisory capacity.

Fukunaga also commented, “This change has been on the horizon since Sony took a majority interest in the company in 2017. And now is the right time to begin the transition, when Funimation is truly hitting its stride.”

Sony Pictures Television Networks acquired a majority stake in FUNimation in 2017, at which time Fukunaga retained his position and a majority stake in the business.

Fukunaga founded FUNimation in 1994.

Source: ANN