- Former ViacomCBS Media Networks General Counsel brings
extensive media industry and global brand expertise to Mattel
Mattel, Inc. (NASDAQ: MAT) today announced the appointment of
Jonathan Anschell as Executive Vice President, Chief Legal Officer,
and Secretary, effective Jan. 1, 2021. Anschell will report to Ynon
Kreiz, Mattel’s Chairman and Chief Executive Officer. He will
succeed Robert Normile, who will continue in his current role
through Dec. 31, 2020, and then remain with Mattel as an executive
advisor through a date in April to be determined by the Company to
ensure a smooth transition.
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Jonathan Anschell, Executive Vice
President, Chief Legal Officer, and Secretary, Mattel (effective
Jan. 1, 2021) (Photo: Business Wire)
“Jonathan is a highly accomplished legal executive, with a
strong commercial background and deep expertise in managing global,
consumer-facing brands,” said Kreiz. “His leadership skills and
strong transactional experience at the highest levels of the media
and entertainment industry will further strengthen our capabilities
as we transform Mattel into an IP-driven, high-performing toy
company. I look forward to Jonathan joining the executive
leadership team as we build on the momentum already well underway
at Mattel and create value for our shareholders.”
Anschell brings extensive legal, corporate governance and media
and entertainment industry expertise to Mattel. He joins the
Company from ViacomCBS Media Networks, where he served as Executive
Vice President and General Counsel since 2019, leading the legal
affairs team for all CBS entertainment and news operations, as well
as the business and legal affairs teams for the ViacomCBS cable
networks in the U.S. and internationally. Anschell previously
served as General Counsel of CBS Television and Deputy General
Counsel and Secretary of CBS Corporation. Before joining CBS in
2004, he was a partner at White O’Connor Curry, a Los Angeles-based
law firm.
In his role as EVP, Chief Legal Officer, and Secretary, Anschell
will be in charge of all legal responsibilities for the Company’s
operations and transactions, as well as corporate governance,
securities, intellectual property, litigation and privacy. He will
also be responsible for compliance and government affairs at the
Company.
“I am proud to join Mattel at such an exciting and important
time in its transformation,” said Anschell. “Mattel is an
innovative company and home to iconic brands with enduring value. I
look forward to working with the leadership team on this next stage
of growth.”
Kreiz added, “I greatly appreciate the role Bob Normile has
played at Mattel and thank him for his many years of excellent
work. He has been an important part of Mattel for nearly three
decades, making countless contributions to the Company’s success.
He built a world-class in-house legal team and was a key part of
numerous acquisitions and joint ventures. He has been a great
partner during the recent transformational period for our company
and helped us achieve significant progress in our turnaround. We
are grateful for his leadership during his time at Mattel and
appreciate his continued service as an executive advisor to provide
a seamless transition with Jonathan over the next several
months.”
About Mattel
Mattel is a leading global toy company and owner of one of the
strongest catalogs 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® 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, 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 e-commerce
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.
Forward-Looking Statements
This press release contains a number of forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. Forward-looking statements can be identified by
the fact that they do not relate strictly to historical or current
facts. The use of words such as “anticipates,” “expects,”
“intends,” “plans,” “confident that” and “believes,” among others,
generally identify forward-looking statements. These
forward-looking statements are based on currently available
operating, financial, economic and other information and
assumptions, and are subject to a number of significant risks and
uncertainties. A variety of factors, many of which are beyond our
control, could cause actual future results to differ materially
from those projected in the forward-looking statements, and are
currently, or in the future could be, amplified by the COVID-19
pandemic. Specific factors that might cause such a difference
include, but are not limited to: (i) potential impacts of the
COVID-19 pandemic on our business operations, financial results and
financial position and on the global economy, including its impact
on our sales; (ii) Mattel’s ability to design, develop, produce,
manufacture, source and ship products on a timely and
cost-effective basis, as well as interest in and purchase of those
products by retail customers and consumers in quantities and at
prices that will be sufficient to profitably recover Mattel’s
costs; (iii) downturns in economic conditions affecting Mattel’s
markets which can negatively impact retail customers and consumers,
and which can result in lower employment levels, lower consumer
disposable income and lower spending, including lower spending on
purchases of Mattel’s products; (iv) other factors which can lower
discretionary consumer spending, such as higher costs for fuel and
food, drops in the value of homes or other consumer assets, and
high levels of consumer debt; (v) potential difficulties or delays
Mattel may experience in implementing cost savings and efficiency
enhancing initiatives; (vi) other economic and public health
conditions or regulatory changes in the markets in which Mattel and
its customers and suppliers operate, which could create delays or
increase Mattel’s costs, such as higher commodity prices, labor
costs or transportation costs, or outbreaks of disease; (vii)
currency fluctuations, including movements in foreign exchange
rates, which can lower Mattel’s net revenues and earnings, and
significantly impact Mattel’s costs; (viii) the concentration of
Mattel’s customers, potentially increasing the negative impact to
Mattel of difficulties experienced by any of Mattel’s customers, or
changes in their purchasing or selling patterns; (ix) the future
willingness of licensors of entertainment properties for which
Mattel currently has licenses or would seek to have licenses in the
future to license those products to Mattel; (x) the inventory
policies of Mattel’s retail customers, including retailers’
potential decisions to lower their inventories, even if it results
in lost sales, as well as the concentration of Mattel’s revenues in
the second half of the year, which coupled with reliance by
retailers on quick response inventory management techniques
increases the risk of underproduction of popular items,
overproduction of less popular items and failure to achieve
compressed shipping schedules; (xi) legal, reputational, and
financial risks related to security breaches or cyberattacks; (xii)
the increased costs of developing more sophisticated digital and
smart technology products, and the corresponding supply chain and
design challenges associated with such products; (xiii) work
disruptions, which may impact Mattel’s ability to manufacture or
deliver product in a timely and cost-effective manner; (xiv) the
bankruptcy and liquidation of Mattel’s significant retailers, or
the general lack of success of one of Mattel’s significant
retailers which could negatively impact Mattel’s revenues or bad
debt exposure; (xv) the impact of competition on revenues, margins
and other aspects of Mattel’s business, including the ability to
offer products which consumers choose to buy instead of competitive
products, the ability to secure, maintain and renew popular
licenses and the ability to attract and retain talented employees;
(xvi) the risk of product recalls or product liability suits and
costs associated with product safety regulations; (xvii) changes in
laws or regulations in the United States and/or in other major
markets, such as China, in which Mattel operates, including,
without limitation, with respect to taxes, tariffs, trade policies,
or product safety, which may increase Mattel’s product costs and
other costs of doing business, and reduce Mattel’s earnings;
(xviii) failure to realize the planned benefits from any
investments or acquisitions made by Mattel; (xix) the impact of
other market conditions, third party actions or approvals and
competition which could reduce demand for Mattel’s products or
delay or increase the cost of implementation of Mattel’s programs
or alter Mattel’s actions and reduce actual results; (xx) changes
in financing markets or the inability of Mattel to obtain financing
on attractive terms; (xxi) the impact of litigation, arbitration,
or regulatory decisions or settlement actions; (xxii) uncertainty
from the expected discontinuance of LIBOR and transition to any
other interest rate benchmark; and (xxiii) other risks and
uncertainties as may be described in Mattel’s periodic filings with
the Securities and Exchange Commission, including the “Risk
Factors” section of Mattel’s Annual Report on Form 10-K for the
fiscal year ended December 31, 2019, as amended, and Quarterly
Report on Form 10-Q for the quarter ended September 30, 2020, as
well as in Mattel’s other public statements. Mattel does not update
forward-looking statements and expressly disclaims any obligation
to do so, except as required by law.
MAT-CORP
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version on businesswire.com: https://www.businesswire.com/news/home/20201208006043/en/
News Media
Catherine Frymark Catherine.Frymark@mattel.com
Danit Marquardt Danit.Marquardt@mattel.com
Securities Analysts
David Zbojniewicz David.Zbojniewicz@mattel.com
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