Mattel Makes Ynon Kreiz, a Company Director since 2017, as CEO

Maker Studios CEO Ynon Kreiz Getty Images

Maker Studios CEO Ynon Kreiz Getty Images

Mattel said Thursday it would replace CEO Margo Georgiadis after a year on the job as the toy company faced challenges including the expected liquidation of Toys "R" Us.

Added Kreiz: "I am excited by the opportunity to lead the company towards its next phase of transformation and restore Mattel to a high performing toy company". When he stepped down from the company in June 2011, Nikki Finke wrote for Deadline Hollywood that "a key insider at Endemol" told her: "I think there were issues in the way he ran the company and the decisions he made, and he lost the support of numerous employees". His appointment could portend a more concerted effort to bring Mattel toys to film and television, something the company has tried over the years with varying degrees of success. Since joining the board in June 2017, I've been impressed with the quality and depth of the team across the organization.

The 54-year-old Georgiadis, meanwhile, succeeds Howard Hochhauser, who has served as interim CEO while the Ancestry board conducted a six-month search for a permanent CEO.

"We have made strong progress in addressing the critical structural challenges facing Mattel, and I know Ynon is committed to building on that progress alongside our talented leadership team", Georgiadis said in a statement. "I am proud of what we accomplished together and confident in Mattel's path forward".

"From 2008-11, he served as chairman and CEO of Endemol Group, one of the world's largest independent TV production companies, and before that was a general partner at venture-capital firm Balderton Capital (formerly Benchmark Capital Europe) from 2005-07".

Champ Eagles vs. Atlanta to open NFL season, also play in London
Take out the Vikings , Eagles and Patriots, three teams that reached conference championship games, and they went 3-12. Hopefully for the internal organs of fans on both sides, this one doesn't come down to a Hail Mary on the final play.

Risky factor of The Procter & Gamble Company (PG) is observed at 0.55
The Chicago Board Options Exchange (CBOE) saw 1.08 million call contracts traded on Wednesday, compared to 604,574 put contracts. SHPG stock is trading 2% higher ahead of the bell, on track to extend its recent breakout above its 200-day trendline .

Sugarland Releases New Single "Babe" Featuring Taylor Swift; Listen Now
Monahan said of the collaboration at the time, "It's a song called " Babe ". "She's very talented, she's a no-nonsense young kid. And I think that's what I admire the most [about her]".

He is on the board of Warner Music Group Corp. and is a member of the Board of Advisors of the Anderson Graduate School of Management at UCLA, where he earned his MBA.

The move will be effective from April 26, 2018.

A 7.2 per cent drop in early trade on Friday took Mattel shares to a more than nine-year low of US$12.21 (RM47.60).

While Georgiadis came from Google, Kreiz joins Mattel from the entertainment world. The company has also been plucking along on its transformation plan, targeting to achieve a greater proportion of $650 million net cost elimination initiative in 2018.

Get access to our daily newsletters, Best Stocks List, POWR Ratings, and much more!

Recommended News

  • The Best Places To Watch The London Marathon

    The Best Places To Watch The London Marathon

    But instead use it to make you work harder and run that next mile a little harder. "As long as I'm running I want to get it". Information from Press Association Sport was used in this report .
    Analysts' Latest Ratings Changes for Rogers Communications (RCI)

    Analysts' Latest Ratings Changes for Rogers Communications (RCI)

    The Wireless communications provider reported $0.69 EPS for the quarter, beating analysts' consensus estimates of $0.68 by $0.01. The firm had revenue of $3.63 billion during the quarter, compared to the consensus estimate of $3.63 billion.
    Humans Contributed Major Role in World's Larger Mammal Extinctions

    Humans Contributed Major Role in World's Larger Mammal Extinctions

    As humans branched out to different continents, the body size of mammals continued to get smaller and lighter. In every continent humans had migrated to (bar Antarctica), the average body mass of mammals had decreased.
  • Anticipated $0.94 EPS for Exelon Corporation (EXC) on May, 2

    The energy giant reported $0.65 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.62 by $0.03. Analyst Recommendations are opinions given by analysts to their clients about whether a given stock is worth buying or not.

    NY Reduces Position in Hess Corp. (NYSE:HES)

    It is positive, as 45 investors sold HES shares while 161 reduced holdings. 63 funds bought stakes and 131 increased stakes. The firm operates in two divisions, Exploration and Production, and Bakken Midstream.Currently it has negative earnings.

    Domtar Paper (NYSE:UFS) Earns "Neutral" Rating from Bank of America

    Following the transaction, the senior vice president now owns 9,722 shares in the company, valued at approximately $443,420.42. J Goldman Lp holds 0.02% in Domtar Corporation (NYSE:UFS) or 6,418 shares. (NYSE:UFS), 4 have Buy rating, 3 Sell and 8 Hold.
  • UBS Begins Coverage on Steel Dynamics (STLD)

    The Manufacturers Life Insurance Company increased its stake in Steel Dynamics by 11.3% during the fourth quarter. (NASDAQ:STLD). This is an increase from Steel Dynamics's previous quarterly dividend of $0.16. (NASDAQ: STLD ) have been performing lately.
    'First Wives Club' Reboot Is Headed to Paramount Network

    'First Wives Club' Reboot Is Headed to Paramount Network

    The Paramount Network gave a full season order to a series based on The First Wives Club before the project has even been cast . Paramount Network has officially ordered a reboot of the First Wives Club to series, the cable network announced Thursday.

    Recent Trading UpdatesCisco Systems, Inc. (CSCO) Stock Price trades 20.94%

    The company has a market cap of $215,005.84, a P/E ratio of 20.61, a price-to-earnings-growth ratio of 2.99 and a beta of 1.14. Cisco Systems Inc ( NASDAQ:CSCO ) saw a decent share price growth in the teens level on the NasdaqGS over the last few months.
  • Kapstone (KS) Stock Rating Lowered by Zacks Investment Research

    Total analysts of 8 have positions in KapStone Paper (NYSE:KS) as follows: 0 rated it a "Buy", 0 with "Sell" and 8 with "Hold". Blue Bell Private Wealth Management Llc bought 71,224 shares as the company's stock declined 1.96% with the market.
    Amazon Prime Video wins US Open tennis rights in the UK

    Amazon Prime Video wins US Open tennis rights in the UK

    The 2018 US Open will take place from August 27 to September 9 at the Billie Jean King National Tennis Center in NY . The tennis deal adds to Amazon's expanding roster of sports available to stream live and on demand.
    Power record: United Kingdom goes coal-free for two days

    Power record: United Kingdom goes coal-free for two days

    The government aims to switch off all coal plants by 2025 and has given renewables priority access to the grid. The plants were able to produce more electricity using wind turbines, Bloomberg writes, between 10:25 p.m.

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.