Mattel CEO is out after just over a year on the job [CNNMoney.com]
Mattel, Inc. (MAT)
Last mattel, inc. earnings: 2/13 04:05 pm
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Source: CNNMoney.com
Mattel CEO is out after just over a year on the jobMattel CEO Margo Georgiadis, who took the top spot at the struggling toymaker a little more than a year ago, is already planning to leave the company.Georgiadis will be replaced by Ynon Kreiz, a Mattel director. Kreiz will also soon replace former Mattel CEO Christopher Sinclair as the company's chairman.Kreiz will take over on April 26, the day Mattel will report its latest quarterly results. Mattel said Georgiadis is leaving for another job in the tech industry and that she will stay with the company in an advisory role until May 10. Georgiadis came to Mattel from Google.Shares of Mattel (MAT) fell 3% in regular trading Thursday but rallied after hours. That could be a possible sign that investors believe Kreiz may be amenable to a possible merger with Mattel rival Hasbro (HAS).Hasbro and Mattel are both struggling as kids play more games on smartphones and tablets and with other high-tech toys.Related: The end of Toys 'R' Us is b
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News
- Mattel (MAT) Q1 Earnings Beat, Revenues Miss, Stock Rises [Yahoo! Finance]Yahoo! Finance
- Investors Reward Hasbro, Mattel For Cost Cuts, Inventory Reductions [Forbes]Forbes
- Mattel, Inc. (NASDAQ: MAT) had its price target raised by analysts at Citigroup Inc. from $25.00 to $26.00. They now have a "buy" rating on the stock.MarketBeat
- Mattel, Inc. (NASDAQ: MAT) had its price target raised by analysts at Bank of America Co. from $25.00 to $26.00. They now have a "buy" rating on the stock.MarketBeat
- Why Mattel Stock Jumped This Morning [Yahoo! Finance]Yahoo! Finance
MAT
Earnings
- 4/23/24 - Beat
MAT
Sec Filings
- 4/23/24 - Form 8-K
- 4/18/24 - Form DEFR14A
- 4/17/24 - Form ARS
- MAT's page on the SEC website