The board replaced CEO Allan Grafman with current Executive Chairman Davidi Jonas. Jonas’s family holds a controlling interest in the company, and his father, Howard Jonas, is IDW’s Chairman and the Chairman of the Board. CFO Brooke Feinstein is leaving the company and will not be replaced. Amber Huerta has been promoted from Senior Vice President, People and Organizational Development, has been promoted to Chief Operating Officer.
After the delisting from the NYSE American, the company expects to have its stock resume trading on the OTC markets.
The Beat reported that the layoffs included all marketing and PR staff and half of editorial, including Editor in Chief Nachie Marsham.