Lisa McKnight and Josh Silverman Promoted to
EVP and Chief Brand Officer and EVP and Chief Franchise Officer,
respectively
Chris Down Promoted to EVP and Chief Design
Officer
Mattel, Inc. (NASDAQ: MAT) today announced that Richard Dickson,
President and Chief Operating Officer, will step down from his
position with the Company effective August 3, 2023 to take the role
of president and chief executive officer at another public
company.
The company has promoted Lisa McKnight to Executive Vice
President and Chief Brand Officer, overseeing all of Mattel’s toy
categories and global brands, as well as design and development.
Josh Silverman has been promoted to Executive Vice President and
Chief Franchise Officer. His role has expanded to include
leadership of digital gaming and licensed entertainment, in
addition to global consumer products, publishing, promotions, and
location-based entertainment, as well as franchise management. Both
executives will assume Dickson’s responsibilities and report to
Ynon Kreiz, Chairman and Chief Executive Officer of Mattel. The
company has also promoted Chris Down to Executive Vice President
and Chief Design Officer, reporting to McKnight.
Kreiz said: “On behalf of our Board and everyone at Mattel, I
thank Richard for his tremendous contributions. Among his many
achievements, Richard has led the growth of some of the world’s
most iconic and purpose-driven brands. I am personally grateful for
the friendship, the partnership, and for his work in developing and
growing the best brand and franchise team in the business today. We
wish Richard great success in his new role.”
Kreiz continued: “Our strong and talented leadership team and
the entire brand management organization are in an excellent
position to continue to execute our strategy to grow our IP-driven
toy business and expand our entertainment offering. Following the
incredibly successful Barbie movie release, we look forward to
further capitalizing on the many exciting opportunities to capture
the full value of our iconic brands outside the toy aisle.”
Dickson said: “Mattel is a remarkable company that is heading
into an exciting new era. I’m immensely proud of the work we did
together driving brand purpose, design innovation, cultural
relevance, and executional excellence. I thank Ynon, the Board, the
leadership team, and the entire Mattel organization for their
partnership and the incredible work we did together. It has been an
inspiring journey and a true honor to be part of this amazing
community and company.”
Lisa McKnight has held senior leadership positions at Mattel for
nearly 25 years and has been the global head of Barbie since 2016
and Dolls since 2019. In this role she has led the transformation
of Barbie and has driven significant portfolio expansion. Under her
leadership, Barbie was the #1 Global Toy Property for 2020 and 2021
and the #1 Global Doll Property for 2020 through 2022, per Circana.
She also led the successful relaunch of Monster High and played a
key role in winning back the licensing rights to Disney Princess
and Disney Frozen franchises. McKnight was recently recognized as
one of the top brand marketers in the world by Forbes.
McKnight said: “It is an honor to oversee brands, products, and
partnerships that are rooted in purpose and help children explore
the wonder of childhood and reach their full potential. I could not
be prouder to lead this exciting next chapter of our iconic
portfolio of brands with the best talent in the industry.”
Josh Silverman joined Mattel in 2022 as Global Head of Consumer
Products and Chief Franchise Officer, following 20 years in
leadership roles with The Walt Disney Company and Marvel. Since
joining Mattel, he has expanded the company’s consumer products and
publishing businesses, as well as live and location-based
entertainment such as the World of Barbie traveling exhibit, Hot
Wheels Monster Trucks Live, and the upcoming Mattel Adventure Park.
Most notably, Silverman oversaw the execution of more than 165
consumer products partnerships and retail tie-ins related to the
Barbie movie. He is widely regarded as one of the most accomplished
executives in the consumer products industry.
Silverman said: “We have only begun to capture the tremendous
commercial opportunity in Mattel’s world-class portfolio of IP. I
am thrilled to take on this expanded role at such an exciting time
in our growth as an IP-driven, high-performing toy company. I look
forward to continuing to complement our incredible toy business by
extending and deepening the emotional connection to Mattel brands,
franchises, and characters for fans around the world.”
Chris Down has been a key leader in his 18 years with the
company, and 30 years in the toy industry overall. He was appointed
Senior Vice President and Chief Design Officer in 2019 leading
Mattel’s global design and product development. He previously held
senior creative and leadership roles including General Manager of
Vehicles and Hot Wheels. Down’s experience spans a range of
functions, brands, and categories at Mattel, as well as prior
leadership positions at Hasbro and Atari Interactive.
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®, Masters of the Universe®, 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. Founded in 1945, 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. 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.
Cautionary Note Regarding Forward-Looking Statements
This press release contains a number of forward-looking
statements, which are statements that relate to the future and are,
by their nature, uncertain. 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,” “projects,” “looks
forward,” “confident that,” “believes,” and “targeted,” 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
Mattel’s control, could cause actual future results to differ
materially from those projected in the forward-looking statements.
Specific factors that might cause such a difference are 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, 2022, 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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20230726194075/en/
News Media Catherine Frymark
catherine.frymark@mattel.com
Securities Analysts David Zbojniewicz
david.zbojniewicz@mattel.com
Mattel (NASDAQ:MAT)
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