Roger Lynch, CEO of Condé Nast for over seven years, announced his resignation to become the new CEO of Mattel. Lynch will stay on Condé Nast's board while Mike Perlis steps in as interim CEO during the search for a permanent replacement. Lynch highlighted his role in transforming Condé Nast through industry disruptions and a pandemic. Before Condé Nast, he led Pandora and has been Mattel's lead independent director since 2018.
Mattel Inc (MAT) trades at USD 12.73 on Pluang, down 3.71% as of Sep 30, 2026 20:02 WIB, with a market cap of $3.78 billion and a typical hold time of 103 days. This price movement coincides with the announcement of Roger Lynch stepping down as Condé Nast CEO to lead Mattel. Pluang order activity shows 100% buy interest, reflecting strong investor attention despite the stock's recent dip.
