Mattel CEO Ynon Kreiz is leaving after a challenging period marked by stagnant sales and declining Barbie brand performance despite a major movie release. Analysts and investors criticized Kreiz's leadership and strategy, noting that Mattel's stock has fallen and the company missed earnings expectations. Roger Lynch, a current board member, will succeed Kreiz as CEO starting October 2. The change comes amid ongoing pressure from activist investors and speculation about a potential merger with Hasbro, as Mattel struggles to capitalize on current toy trends compared to competitors.
Mattel shares dropped 4.20% to USD 12.66 on Pluang as of October 1, 2026, 00:41 WIB, reflecting ongoing investor concerns amid leadership changes. Despite the CEO transition, all Pluang order activity for Mattel remains on the buy side, suggesting some investor confidence. Meanwhile, Hasbro shares edged up 0.14% to USD 88.38, showing relative stability as merger talks with Mattel continue to circulate.
Mattel CEO Ynon Kreiz is set to take a top executive role, either president or co-CEO, at the soon-to-be merged Paramount-Warner Bros. Discovery. His move follows Mattel naming Conde Nast CEO Roger Lynch as his replacement. Kreiz's appointment depend...
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 highl...
Mattel announced that Roger Lynch will become its new CEO and chairman, succeeding Ynon Kreiz. Lynch, currently CEO of Condé Nast and a Mattel board member since 2018, will assume the chairman role on October 2 and CEO role by November 2. Kreiz, who ...
