Michael Eisner has made a key hire as his group begins assuming control of the Topps Company.
Topps’ financial future will be in the hands of a former Time Warner executive. Joseph Del Toro has been named chief financial officer of Topps and will begin his new job March 17.
Del Toro spent the last eight years as general manager of the Fortune/Money group for Time Warner. Del Toro will work with Topps’ president and chief operating officer Scott Silverstein.
Madison Dearborn Partners and Michael Eisner’s private equity firm, Tornante Company, purchased Topps for $385 million late last year.
Prior to his stint at Time Warner, Del Toro worked in private equity for both Lazard and HIG Capital Management.
In a statement, Eisner said that Del Toro’s “accomplishments at Time Warner and his experience in mergers and acquisitions reflect his intellect, drive and business savvy,” and added that “we intend to put these traits to good use as we execute our vision for growth at Topps.”
The CFO at the now-private Topps is expected to have a strong hand in directing the company’s future.
Eisner recently told the New York Times “With Topps, I was interested in a company that could be a far bigger sports and entertainment media company.”
Among the ideas the former Disney CEO is considering are digital trading cards and the creation of Topps-branded sports movies or sports channels on cable.