Paramount names Mattel boss Kreiz as co-CEO | Honolulu Star-Advertiser
The former Mattel chief will run day-to-day operations and receive a $5 million salary plus performance-based stock awards, according to an SEC filing.
- On Wednesday, Mattel CEO Ynon Kreiz was named co-CEO of the combined Paramount-Warner Bros following its $110 billion merger, where he will manage day-to-day operations alongside David Ellison.
- Despite the 2023 success of "Barbie," Mattel faces significant headwinds from tariff-related costs and activist investor pressure, with shares underperforming the broader market by nearly 200% during Kreiz's tenure.
- Under his new five-year contract, Kreiz will collect at least $35.1 million annually by 2027, with a $3.5 million base salary rising to $5 million after the merger closes plus additional equity awards.
- Mattel board member Roger Lynch will succeed Kreiz as CEO, with the transition expected by November 2, as the former Condé Nast executive takes the helm ahead of a challenging holiday season.
- Slated to close on Tuesday, October 6, the $110 billion merger ends a two-month legal challenge; Kreiz officially begins his new role on Monday, October 5, before the deal finalizes.
12 Articles
12 Articles
Paramount names Mattel boss Kreiz as co-CEO | Honolulu Star-Advertiser
Paramount Skydance named Mattel CEO Ynon Kreiz, who led the toymaker’s transformation into a broader entertainment company, as the co-CEO of the combined firm following its $110 billion Warner Bros deal.
Ynon Kreiz, Newly Minted Co-CEO Of Paramount, To Get Pay Bump After WBD Merger Close
Former Mattel CEO Ynon Kreiz, who was tapped Wednesday as Co-CEO of the soon-to-merge Paramount and Warner Bros. Discovery, will collect at least $35.1 million a year by 2027. In an SEC filing Thursday, Paramount laid out terms of the new exec’s 5-year contract and said its board of directors approved the appointment of Kreiz […]
CEO shuffle: Changes ahead for Mattel, Condé Nast, and the newly 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 manufacturers, is home to household names like Barbie, Hot Wheel…
The change occurs after eight years of Kreiz management, during which period Mattel expanded his strategy beyond toys
Coverage Details
Bias Distribution
- 80% of the sources lean Left
Factuality
To view factuality data please Upgrade to Premium
