Mattel Names Sanjay Luthra Chief Commercial Officer as Steve Totzke Steps Down

Mattel Announces Departure of Steve Totzke, President and Chief Commercial Officer, and Promotion of Sanjay Luthra to Lead Global Commercial Organization

EL SEGUNDO, Calif.--(BUSINESS WIRE)--Apr 7, 2026-

Mattel Names Sanjay Luthra Chief Commercial Officer as Steve Totzke Steps Down

Mattel is handing the keys to its commercial engine to a familiar face from the global stage. Steve Totzke will step away from his role as President and Chief Commercial Officer on May 1, marking the end of a nearly 30-year run with the company. Sanjay Luthra, who currently leads EMEA and Mattel’s global direct-to-consumer business, will take over as Chief Commercial Officer and report to Chairman and CEO Ynon Kreiz. Totzke isn’t disappearing …