Mattel announced a significant leadership transition, appointing current board member and Condé Nast CEO Roger Lynch as its new Chairman and Chief Executive Officer. The appointment follows the resignation of Ynon Kreiz, who is stepping down as Chairman and CEO to pursue another senior leadership position.
Key Details
- Leadership Transition: Ynon Kreiz will resign as CEO and Chairman, effective October 2, 2026. Roger Lynch will become Chairman on October 2, 2026, and assume the role of CEO no later than November 2, 2026.
- New CEO Compensation: Mr. Lynch's compensation includes a $2.3 million annual base salary, a target annual bonus of 200% of base salary, and significant inducement awards, including a $10.6 million cash signing bonus and new hire equity grants valued at $22 million.
- Additional Appointments: Diana Ferguson, a current board member, was appointed as the new Independent Lead Director, effective October 2, 2026. Jonathan Anschell, Chief Legal Officer, will serve as interim principal executive officer until Mr. Lynch's start date.