Mattel Appoints Christopher Farrell as Executive Vice President and Chief Strategy Officer

Rhea-AI Summary

Mattel, Inc. (NASDAQ: MAT) has appointed Christopher Farrell as the new Executive Vice President and Chief Strategy Officer. Farrell will lead strategic planning and corporate development, aiming to accelerate growth and profitability for the company. He brings extensive experience in strategic planning, M&A, and corporate development, primarily in the consumer and retail sectors. Prior to joining Mattel, he was the Global Head of M&A at Ahold Delhaize, a Dutch multinational food retailer. Farrell's appointment is expected to drive value creation for Mattel's stakeholders.

EL SEGUNDO, Calif.--(BUSINESS WIRE)-- Mattel, Inc. (NASDAQ: MAT) announced today that Christopher Farrell has joined the Company as Executive Vice President and Chief Strategy Officer, effective immediately. Mr. Farrell will lead strategic planning and corporate development for the Company, including identifying opportunities to accelerate growth and profitability and optimize business performance. He will report to Ynon Kreiz, Chairman and CEO of Mattel.

Christopher Farrell (Photo: Business Wire)

Mr. Kreiz said: “Chris brings to Mattel a wealth of expertise in strategic planning, M&A, and corporate development and we welcome him to the leadership team as we advance our strategy to grow Mattel’s IP-driven toy business and expand our entertainment offering. I look forward to partnering closely with Chris on opportunities to further our growth profile and enhance long-term shareholder value.”

As a senior executive, Mr. Farrell has deep experience in the areas of strategy, M&A, investment banking, investor relations, and communications, primarily in the consumer and retail sectors.

Mr. Farrell joins Mattel from Ahold Delhaize, the Dutch multinational food retailer with operations in the U.S., Europe and Asia, where he was Global Head of M&A for the last five years. He had previously served as Head of Strategy, M&A, and Investor Relations for Delhaize Group and played a leading role in the merger between Ahold and Delhaize, as well as driving other strategic initiatives. In total, he spent 10 years with the two organizations.

Mr. Farrell also previously served as Chief Strategy Officer at Authentic Brands Group.

Earlier in his career, Mr. Farrell spent over 20 years as an investment banker, including as a Managing Director with UBS Securities and DKW (previously Wasserstein Perella), primarily focused on providing strategic and financial advice to companies seeking to grow in existing or new markets. He holds a bachelor’s degree in economics from Stetson University and a Master of Business Administration from Fordham University.

Mr. Farrell added: “Mattel is an iconic company with an incredible portfolio of brands and a strong foundation. I look forward to working with Ynon and Mattel’s talented group of executives. I am thrilled to join at this exciting juncture in the company’s history and to be part of shaping the future as we pursue various avenues of value creation for our stakeholders.”

About Mattel

Mattel is a leading global toy company and owner of one of the strongest portfolios of children’s and family entertainment franchises in the world. We create innovative products and experiences that inspire, entertain, and develop children through play. We engage consumers through our portfolio of iconic brands, including Barbie®, Hot Wheels®, Fisher-Price®, American Girl®, Thomas & Friends®, UNO®, Masters of the Universe®, Monster High® and MEGA®, as well as other popular intellectual properties that we own or license in partnership with global entertainment companies. Our offerings include film and television content, gaming and digital experiences, music, and live events. We operate in 35 locations and our products are available in more than 150 countries in collaboration with the world’s leading retail and ecommerce companies. Since its founding in 1945, Mattel is proud to be a trusted partner in empowering children to explore the wonder of childhood and reach their full potential. Visit us online at mattel.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240208191853/en/

Press Contact

Catherine Frymark

catherine.frymark@mattel.com

Source: Mattel, Inc.

FAQ

Who is the new Executive Vice President and Chief Strategy Officer of Mattel, Inc.?

Christopher Farrell has been appointed as the new Executive Vice President and Chief Strategy Officer of Mattel, Inc.

What is the ticker symbol for Mattel, Inc.?

The ticker symbol for Mattel, Inc. is MAT.

What will Christopher Farrell be responsible for at Mattel, Inc.?

Christopher Farrell will lead strategic planning and corporate development, aiming to accelerate growth and profitability for the company.

Where did Christopher Farrell work before joining Mattel, Inc.?

Before joining Mattel, Christopher Farrell was the Global Head of M&A at Ahold Delhaize, a Dutch multinational food retailer.

What is the background of Christopher Farrell?

Christopher Farrell has extensive experience in strategic planning, M&A, and corporate development, primarily in the consumer and retail sectors.