Press release
Mattel Announces Planned Retirement of Chief Financial Officer Anthony DiSilvestro
EL SEGUNDO, Calif.--(BUSINESS WIRE)-- Mattel, Inc. (NASDAQ: MAT) today announced that Anthony DiSilvestro, Chief Financial Officer (CFO), has informed the
About this update from Mattel, Inc.
[{"type":"text","content":" EL SEGUNDO, Calif.--(BUSINESS WIRE)--\nMattel, Inc. (NASDAQ: MAT) today announced that Anthony DiSilvestro, Chief Financial Officer (CFO), has informed the Company of his plans to retire on May 15, 2025. The Company has initiated a comprehensive search process with the assistance of a leading executive search firm. Following his retirement date, DiSilvestro will serve as an advisor through August 15, 2025, to ensure a smooth transition.\n\n\nYnon Kreiz, Chairman and CEO of Mattel, said: “Anthony has played a key role in steering Mattel to achieve its strongest financial position in many years. On behalf of Mattel’s Board of Directors and management team, we express our gratitude for Anthony’s significant contributions to Mattel’s transformation into an IP-driven, high-performing toy company and wish him the very best in his retirement.”\n\n\nDiSilvestro joined Mattel in August 2020. During his five years as CFO, Mattel achieved an investment grade rating, strengthened its financial organization, optimized operations, and increased efficiencies with over $400 million of cost savings.\n\n\nDiSilvestro added: “It has been an honor working alongside Ynon and the talented team at Mattel at such an exciting time in its history. I am proud of all we have accomplished together and believe the Company is well positioned to continue executing its multi-year strategy and create long-term shareholder value. As I move to the next chapter of my life in retirement, I look forward to watching Mattel’s continued success for years to come.”\n\n\nAbout Mattel\n\n\nMattel is a leading global toy and family entertainment company and owner of one of the most iconic brand portfolios in the world. We engage consumers and fans through our franchise brands, including Barbie®, Hot Wheels®, Fisher-Price®, American Girl®, Thomas & Friends™, UNO®, Masters of the Universe®, Matchbox®, Monster High®, MEGA® and Polly Pocket®, as well as other popular properties that we own or license in partnership with global entertainment companies. Our offerings include toys, content, consumer products, digital and live experiences. Our products are sold in collaboration with the world’s leading retail and ecommerce companies. Since its founding in 1945, Mattel is proud to be a trusted partner in empowering generations to explore the wonder of childhood and reach their full...