Mattel Ynon Kreiz To Step Down As Chairman, CEO
(RTTNews) - Mattel, Inc. (MAT), a toy maker and entertainment company, said on Wednesday that its Chairman and Chief Executive Officer, Ynon Kreiz, will step down with effect from October 2 to take up a senior leadership role at another company.
Subsequently, the company has appointed its current independent lead director, Roger Lynch, as chairman with effect from October 2 and CEO on or before November 2.
The board has also appointed current board member Diana Ferguson as its new independent lead director.
Lynch has served as a member of Mattel's board since 2018.
Founded in the late 1990s by Andrew Mariathasan in New York, with the goal of covering Wall Street for a new generation of investors, RTTNews has expanded steadily over the years to become a trusted provider of content for a wide array of subjects across several platforms. RTT's Financial Newswire is relied upon by some of the world's largest financial institutions, including banks, brokerages, trading platforms and financial exchanges.