CEO shuffle: Changes ahead for Mattel, Condé Nast, and the new merged Paramount-Warner Bros.
Mattel Inc. is welcoming a new boss. So is Paramount. Roger Lynch will be stepping into his new role as CEO of Mattel, but he is not new to the toy company. Lynch has served as a member of Mattel’s board since 2018. Since 2019, he’s been CEO of Condé Nast, the media company behind Vogue , The New Yorker , Wired , and many other magazine brands. Mattel, as one of the leading global toy…
Mattel Inc. has introduced a new CEO, Roger Lynch, who also serves as the CEO of Condé Nast. Lynch has a lengthy history with Mattel, having been on the board since 2018 and leading the company since 2019. Mattel is a major player in the toy industry, known for popular brands such as Barbie, Hot Wheels, American Girl, and Fisher-Price.
In his new role, Lynch succeeds Ynon Kreiz, who has been appointed as co-CEO of Paramount Skydance alongside David Ellison following the merger of Paramount and Warner Bros. Discovery. Kreiz brings valuable experience to the role, having previously served as CEOs of Pandora and Sling TV, a pioneering streaming service. He will focus on the day-to-day management and integration of the combined businesses, with Paramount's press release highlighting the industry's need for change and innovation amidst shifting business models.
The Paramount-Warner Bros. Discovery merger, valued at approximately $81 billion, is set to close on October 6 and will consolidate significant assets, including news networks like CNN and CBS, franchises such as Harry Potter and Transformers, and cable networks like Nickelodeon and MTV.
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