Mattel Announces Robert A. Eckert to Retire as CEO
21 Novembro 2011 - 2:35PM
Business Wire
Mattel, Inc. (NASDAQ: MAT), the world’s largest toy company,
today announced that Robert A. Eckert, 57, has informed the Board
of Directors of his decision to retire as chief executive officer,
after 11 years with the Company, effective December 31, 2011. The
Board has named Bryan G. Stockton, 58, who has held the position of
chief operating officer for the last year, to succeed Mr. Eckert as
CEO, effective January 1, 2012. Mr. Eckert has agreed to continue
in his role as Chairman of the Board, and the Board has elected Mr.
Stockton as a member of the Board, effective January 1, 2012.
Bryan G. Stockton, Mattel's Newly
Appointed CEO (Photo: Business Wire)
“The Board respects Bob’s decision to step back at this time,
and wants to recognize the superb job he’s done the past 11 years
in building a high performance culture at Mattel and delivering
truly superior shareholder returns. He leaves behind a remarkable
legacy of integrity and success,” said Christopher A. Sinclair,
independent presiding director for Mattel. “We’re also grateful
that Bob has agreed to serve as non-executive Chairman and support
Bryan in a seamless transition. Finally, we are delighted to have
an experienced and proven leader like Bryan assume the CEO
position. He’s been a key architect behind Mattel’s rapid
international growth and has also helped to shape many of the
Company’s recent growth initiatives. We’re confident that he’ll
build on Bob’s record of innovation and success.”
In May 2000, Mr. Eckert joined Mattel as chairman and chief
executive officer from Kraft Foods, Inc., the largest U.S.-based
packaged food company in the world. Under his leadership of
disciplined financial focus, Mattel delivered against its long-term
performance targets of delivering growth, building operating
margins, and generating and deploying significant cash flow.
Through year-end 2010, the company generated $8.2 billion in cash
which was used to strengthen the balance sheet and return about
$4.6 billion to shareholders in the form of dividends and share
repurchases.
“Simply stated, I have loved working at Mattel, and it has been
my privilege to work alongside the most talented and dedicated
people in the toy business. Our employees have built this company
into what it is today. While my decision to retire has not been an
easy one, I am confident that we have the momentum in the
marketplace and the leadership in place to take the company to the
next level,” said Mr. Eckert. “Bryan has a proven track record as
not only a great operational leader, but also as a seasoned
strategist. Under Bryan’s leadership, I am confident that the
company will realize its strategic vision to truly create the
future of play.”
“I want to thank the Board and Bob for this incredible
opportunity to advance the Mattel legacy. And on behalf of the
30,000 employees of Mattel, I want to thank Bob for his 11 years of
leadership marked by financial discipline, global expansion and a
commitment to employee development,” said Mr. Stockton. “As we move
forward today, we remain focused on four keys to delivering
success: developing strategies to grow our business; optimizing our
structure to move forward; developing our people; and creating an
innovative culture. This is an exciting time to be working at
Mattel, as we evolve the company from toy to play; from product
management to franchise management, and from worldwide leader to a
global leader.”
For the past year, Mr. Stockton has served as chief operating
officer with responsibility for the day-to-day operations of the
company, including its business units: Mattel Brands, Fisher-Price,
American Girl, and the North American and International divisions,
as well as responsibility for the Operations and Corporate
Responsibility functions. Mr. Stockton joined Mattel in November
2000 as executive vice president of Business Planning and
Development, and was responsible for identifying and developing
strategic opportunities for the company, as well as managing all
merger and acquisition activity. He gained responsibility for
International in 2003, where he began driving the record-breaking
performance of Mattel’s business outside the U.S., including sales
and marketing for Barbie®, Hot Wheels® and Fisher-Price®. He was
promoted to president of International in 2007. Under Mr.
Stockton’s management, International increased its total
contribution to Mattel’s annual sales from 36 percent to current
levels of almost 50 percent of the company’s sales.
About Mattel
As the worldwide leader in play, the Mattel family comprises such best-selling brands
as Barbie®, the most popular fashion
doll ever introduced, Hot Wheels®,
American Girl® and Fisher Price® brands, which includes Little People®, Power
Wheels® and a wide array of entertainment-inspired toy
lines. In 2011, Mattel was named as one of FORTUNE Magazine's
"100 Best Companies to Work For" for
the fourth year in a row, and was also ranked among Corporate
Responsibility Magazine's "100 Best Corporate
Citizens." With worldwide headquarters in El Segundo,
Calif., Mattel employs approximately 31,000 people in 43 countries
and territories and sells products in more than 150 nations. At
Mattel, we are "Creating the Future of Play." Follow Mattel on
www.facebook.com/mattel and
www.twitter.com/mattel.
MAT-CORP
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