Mattel CEO Ynon Kreiz exits; board director Roger Lynch named chairman and CEO

MATTEL INC /DE/

Ynon Kreiz resigned as CEO, Chairman and board member effective Oct 2, 2026 to take a senior leadership position at another public company, ending eight years at Mattel.
Roger Lynch, a Mattel director since 2018 and Condé Nast CEO since 2019, becomes Chairman Oct 2, 2026 and CEO no later than Nov 2, 2026; Diana Ferguson is new Independent Lead Director.
Lynch package: $2.3M base salary, 200% target bonus, $10M 2026 equity award (60% performance RSUs/40% RSUs) plus a $6M new-hire PSU vesting only if 3-year TSR tops the 55th percentile of the S&P 500.
Make-whole for forfeited pay: $10.6M cash signing bonus and $6M of fully vested RSUs; also $985K relocation, up to $25K legal fees and $10K/year financial counseling.
Jonathan Anschell, EVP and Chief Legal Officer, serves as interim principal executive officer from Oct 2, 2026 until Lynch starts, with no additional compensation.

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