Mattel has appointed Peter Griffith as its new chief financial officer, replacing Paul Ruh. Griffith, a former Amgen executive, joins the El Segundo, California-based toy maker as Mattel undergoes leadership changes. The transition follows Chief Executive Ynon Kreiz's departure to become co-CEO of Skydance, the entertainment giant formed by the $81 billion merger of Paramount and Warner Bros.
Discovery. Mattel's Roger Lynch, who recently succeeded Kreiz as chairman and CEO, will oversee Griffith. The new CFO will receive an annual base salary of $1.3 million, a $1.4 million signing bonus, and a target annual bonus of 100% of base pay.
Ruh's departure comes as Mattel navigates a period of executive transition.
Source: Wall Street Journal US Business · Summarized by HeadlinesBriefing