Mattel Announces CFO Transition Plan
October 29 2019 - 4:07PM
Business Wire
Mattel, Inc. (NASDAQ: MAT) today announced that Chief Financial
Officer Joseph J. Euteneuer will leave the Company after a
transition period of up to six months. Mattel is conducting a
search for its next CFO.
Ynon Kreiz, Chairman and Chief Executive Officer of Mattel,
said, “Joe has been a valued member of our leadership team since
joining Mattel two years ago. He has played a key role in our
Structural Simplification program which is nearing completion, and
made meaningful contributions to the significant progress we have
made in the first phase of our strategy to restore profitability. I
thank him for his commitment through the transition of the CFO
role.”
Mr. Euteneuer said, “It has been a privilege to work alongside
Ynon and the talented team at Mattel. I have great confidence in
the Company’s ability to achieve its strategic and financial goals
and believe Mattel is well-positioned to capitalize on
opportunities for value creation. I am grateful for my time at the
Company and look forward to continue working with the leadership
and finance teams to ensure a seamless transition.
About Mattel
Mattel is a leading global children’s entertainment company that
specializes in design and production of quality toys and consumer
products. We create innovative products and experiences that
inspire, entertain and develop children through play. We engage
consumers through our portfolio of iconic franchises, including
Barbie®, Hot Wheels®, American Girl®, Fisher-Price®, Thomas &
Friends® and MEGA®, as well as other popular brands that we own or
license in partnership with global entertainment companies. Our
offerings include film and television content, gaming, music and
live events. We operate in 40 locations and sell products in more
than 150 countries in collaboration with the world’s leading retail
and technology companies. Since its founding in 1945, Mattel is
proud to be a trusted partner in exploring the wonder of childhood
and empowering kids to reach their full potential. Visit us online
at www.mattel.com.
MAT-FIN MAT-CORP
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version on businesswire.com: https://www.businesswire.com/news/home/20191029006041/en/
News Media Dena Cook dena.cook@mattel.com 310-252-4247
Securities Analysts David Zbojniewicz
david.zbojniewicz@mattel.com 310-252-2703
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