It’s the end of an era at Barbie maker Mattel (MAT).
Longtime CEO Ynon Kreiz will step down as CEO effective October 2. He will be replaced by Roger Lynch, member of the board of directors.
Kreiz has been CEO of Mattel since 2018.
Mattel shares fell more than 3% in premarket trading following the news.
(MAST)
12.83 -0.40 (-2.99%)
At 10:09:47 a.m. EDT. Open market.
This story is broken. More updates to come.
Brian Sozzi is the editor-in-chief of Yahoo Finance, host of the Sozzi unleashed morning show, the ‘Powerful actors with Brian Sozzi podcast and member of the Yahoo Finance editorial leadership team. Follow Sozzi on @BrianSozzi, InstagramAnd LinkedIn. Any advice on stories? Email brian.sozzi@yahoofinance.com.
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