Mattel announced the appointment of Peter Griffith as its new Chief Financial Officer (CFO) and a member of the Board of Directors, effective October 20, 2026. He succeeds Paul Ruh, who will transition to an Executive Advisor role until December 31, 2026.
Key Details
- New CFO: Peter Griffith, formerly Executive Vice President at Amgen Inc., will assume the role of CFO. His compensation package includes a $1.3 million annual base salary, a $1.4 million cash signing bonus, and substantial equity awards, including a $3.3 million inducement PSU grant.
- CFO Transition: Outgoing CFO Paul Ruh stepped down effective October 19, 2026. He will remain with the company as an Executive Advisor through the end of 2026 to support the transition.
- Board Changes: In addition to Mr. Griffith's appointment to the board, director Adriana Cisneros resigned from the Board on October 18, 2026. Her resignation was not the result of any disagreement with the company.