LONDON, UK / ACCESSWIRE / February 12, 2018 / Active-Investors.com has just released a free research report on Mattel, Inc. (NASDAQ: MAT). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=MAT as the Company's latest news hit the wire. On February 09, 2018, the Company announced that it has selected Ynon Kreiz as Non-Executive Chairman of the Company's Board of Directors, effective at the 2018 Annual Meeting of Stockholders. Kreiz was elected as a Director of Mattel in June 2017. Register today and get access to over 1000 Free Research Reports by joining our site below:
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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Mattel most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:
www.active-investors.com/registration-sg/?symbol=MAT
Kreiz will succeed Christopher A. Sinclair, the Executive Chairman of Mattel's Board and former Chief Executive Officer (CEO) of Mattel, who last year announced his intention to retire at the end of his term.
Kreiz has Cutting-Edge Perspective on Areas Essential to Company's Transformation Strategy
Michael J. Dolan, Independent Lead Director of Mattel's Board, stated that over the past several months, the Board has benefitted immensely from Kreiz's deep expertise across digital, media, and entertainment. Kreiz has cutting-edge perspective on areas essential to the Company's transformation strategy, giving the Board full confidence that he is the right person to succeed Sinclair as Chairman at this critical juncture in Mattel's history.
Kreiz's Professional Journey
Ynon Kreiz brings more than two decades of experience as a leader, operator, and investor in the media and entertainment industry. He is the former Chairman and CEO of Maker Studios Inc., a leading creator of online short-form video content, which was acquired by The Walt Disney Co. Kreiz previously served as Chairman and CEO of Endemol Group, one of the world's largest independent television production Companies. Prior to that, he was the co-founder, Chairman, and CEO of Fox Kids Europe N.V., establishing it as one of the most successful pay-TV providers in Europe and the Middle-East, leading to its acquisition by The Walt Disney Co. in 2001.
Kreiz earlier served as a General Partner at European venture capital firm Balderton Capital (formerly Benchmark Capital Europe), during which he served on the boards of several media and technology companies. He serves on the Board of Directors at Warner Music Group and is also a member of the Board of Advisors of the UCLA Anderson School of Management.
Mattel Strengthened its Leadership Team to Drive Transformation Strategy
In the last year, the Company made several new appointments to its leadership team. In October 2017, Mattel appointed Sven Gerjets as Chief Technology Officer, Amy Thompson as Chief People Officer, and Nancy Elder as Chief Communication Officer. The Company also appointed Joe Euteneuer as Chief Financial Officer. The executives work closely with CEO Margo Georgiadis and the Mattel leadership team to support Mattel's transformation strategy focused on delivering enhanced and sustainable growth. In January 2017, the Company selected Margaret H. Georgiadis as CEO.
About Mattel, Inc.
Founded in 1945, Mattel is a global learning, development, and play Company that inspires the next generation of kids to shape a brighter tomorrow. The Company's portfolio of iconic consumer brands includes American Girl®, Barbie®, Fisher-Price®, Hot Wheels® and Thomas & Friends™. Headquartered in El Segundo, California, Mattel operates in 40 countries and territories and sells products in more than 150 nations.
Stock Performance Snapshot
February 09, 2018 - At Friday's closing bell, Mattel's stock climbed 7.94%, ending the trading session at $17.27.
Volume traded for the day: 9.82 million shares, which was above the 3-month average volume of 8.30 million shares.
Stock performance in the last month - up 10.14%; previous three-month period - up 29.85%; and year-to-date - up 12.29%
After last Friday's close, Mattel's market cap was at $5.94 billion.
The stock is part of the Consumer Goods sector, categorized under the Toys & Games industry. This sector was up 0.5% at the end of the session.
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