On November 2, 2023, the supervisory board of tonies SE appointed Tobias Wann as new chief executive officer (CEO) of the company with effect as of January 1, 2024 and for an initial period of three years. The two Co-founders and current Co-CEOs Patric Fabbender and Marcus Stahl will step down from their roles on the Management board with effect as of December 31, 2023. Both will remain part of the company as shareholders and senior advisors.

The aim of the changes at the management level is to further drive the achievement of the companies' objectives and the development of the business on a global scale. Tobias Wann has over 20 years of experience in running fast growing international technology companies.