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Will Mattel (MAT) Stock be Helped by New CEO Announcement?

2015-04-03 00:21:10| Toys - Topix.net

Sinclair has been acting as interim CEO since January when Bryan Stockton abruptly resigned from the position. Sinclair has been a member of the Mattel board since 1996 and has previously served as an executive of PepsiCo Inc. Sales of these items have been negatively impacted by kids spending more time playing with electronic devices, Bloomberg noted, adding that the company was dealt another blow when it lost its license to distribute Disney "The board and management team are focused on achieving a rapid turnaround at Mattel and we have a clear game plan for what needs to be addressed," Sinclair said in a statement released this afternoon.

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