Key facts
- Roger Lynch has been named the new CEO and chairman of Mattel.
- Lynch is departing his role as CEO of Condé Nast.
- Ynon Kreiz is stepping down as Mattel CEO.
- Kreiz will move to a senior leadership role at Paramount Skydance.
Mattel announced that Roger Lynch will succeed Ynon Kreiz as chief executive officer and chairman of the toy company. Lynch is leaving his position as CEO of Condé Nast to lead Mattel. Kreiz, who has been CEO of Mattel for eight years, is departing to take a senior leadership position at Paramount Skydance.
Lynch, who has been a Mattel board member since 2018, previously led technology companies including Pandora and Sling TV before joining Condé Nast. He is credited with transforming Condé Nast and strengthening its journalism and creative work during his tenure.
Mattel board member Judy Olian, who led the succession process, stated that Lynch is a "visionary leader with a track record of growing global companies." She also expressed gratitude for Kreiz's "transformational leadership" and his role in transitioning Mattel into a "leading IP-driven play and family entertainment company."
Kreiz expressed pride in Mattel's achievements during his tenure, noting the company's strong brand portfolio and financial position. He stated confidence in Lynch's ability to lead Mattel into its next phase of growth.
At Condé Nast, Mike Perlis will serve as interim CEO. Diana Ferguson will become Mattel's lead independent director.