Mattel appoints EdgePoint partner to board of directors

Mattel Inc., the toy manufacturer known for brands such as Barbie, Hot Wheels, Fisher-Price, and American Girl, has appointed Lee Matheson, a partner at EdgePoint Investment Group Inc., to its board of directors. EdgePoint holds approximately 18% of Mattel's stock, and the company has entered into a cooperation agreement with the investment group, which includes voting, standstill, confidentiality, and other provisions.

Matheson, who co-founded Broadview Capital Management Inc. and currently serves on the board of Tucows Inc., brings extensive experience in investment management, capital markets, and board service to the Mattel board. His appointment is seen as adding a new dimension to the board, with Roger Lynch, Mattel's chairman and CEO, noting the added perspective from Matheson as a partner of the company's largest shareholder.

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