Mattel CCO Steve Totzke to depart May 1; Sanjay Luthra promoted as successor

MATTEL INC /DE/

Steve Totzke will step down as President and CCO effective May 1, 2026; will serve as Executive Advisor through Dec 31, 2026.
Sanjay Luthra, previously EVP and Managing Director of EMEA and Global DTC, appointed CCO effective May 1.
Luthra will report to CEO Ynon Kreiz and oversee global sales and commercial operations.
Totzke will receive severance, COBRA premium payments for up to 18 months, and a car allowance under separation agreement.
Totzke joined Mattel in 1996; was CCO since 2018 and President since 2022; inducted into Canadian Toy Hall of Fame in 2025.

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