Mattel appoints Roger Lynch as CEO and chairman in leadership change
Mattel is reshaping its top leadership with a transition that puts board member Roger Lynch in charge of the toymaker. Lynch is due to become chairman on Oct. 2 and take over as CEO by Nov. 2, replacing Ynon Kreiz.
Highlights
- Mattel appoints Roger Lynch as both CEO and chairman, with Lynch assuming the chairmanship immediately and CEO role a month later.
- Roger Lynch, currently CEO of Condé Nast and Mattel board member since 2018, will lead one of the largest toy companies during this structured leadership transition.
- Mattel consolidates chairman and CEO roles under a single executive, aiming for organizational continuity and alignment as Lynch steps into leadership.
Leadership transition and timeline
According to CNBC, as announced in a press release, Mattel said on Wednesday that Lynch will succeed Kreiz in the dual role of CEO and chairman. The company said Lynch has served on Mattel's board since 2018 and is set to assume the chairmanship first, before taking over the chief executive role a month later.Lynch is currently CEO of Condé Nast, a position he has held since 2019. In the release, he said he is honored by the board's confidence and excited to lead Mattel's team.
Implications for Mattel's operations
The appointment places an existing board member at the head of one of the largest companies in the toy sector, giving Mattel a leader already familiar with its brands, workforce and corporate culture. The phased timetable also signals a structured handover as the company changes leadership at the top.In his statement, Lynch said he has long admired Mattel's brands, talented people and unique culture through his years on the board. The change comes as Mattel aligns its chairman and CEO posts under one executive.
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