All articles tagged with #roger lynch
Mattel stock jumped nearly 23% after reports that Authentic Brands Group is exploring a takeover offer valuing the toy maker at over $6 billion. The move follows the appointment of Condé Nast CEO Roger Lynch, who will succeed Ynon Kreiz. Sources describe the talks as preliminary, with no formal sale process currently underway.
Mattel has appointed Condé Nast CEO Roger Lynch as its new chief executive and chairman, succeeding Ynon Kreiz. Kreiz is departing after eight years to serve as co-CEO of the merged Paramount-Warner Bros. Discovery entity alongside David Ellison. At Condé Nast, Mike Perlis will serve as interim CEO while the board searches for a permanent successor. Lynch, who has been on Mattel’s board since 2018, will assume the chairman role on October 2 and the CEO role by November 2. Kreiz’s exit follows the recent antitrust settlement that cleared the path for the $111 billion media merger. Mattel shares closed down 4% on the announcement.
Condé Nast CEO Roger Lynch is stepping down after seven years to become the new chief executive and chairman of Mattel, effective October 2 and November 2, respectively. He succeeds Ynon Kreiz, who is departing after eight years to serve as co-CEO of the merged Paramount Skydance and Warner Bros. Discovery entity alongside David Ellison. At Condé Nast, Mike Perlis will serve as interim CEO while the board searches for a permanent successor. Lynch remains on the Condé Nast board, while Diana Ferguson becomes Mattel’s new lead independent director. The transition follows a 'comprehensive succession planning process' at Mattel and coincides with recent antitrust settlements clearing the path for the massive media merger.