Mattel Inc. (MAT) Has Dropped To A New Low After CEO Departs

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(RTTNews.com) - Mattel Inc. ( MAT ) announced Friday morning that its Board has named Ynon Kreiz, a director since June 2017, as CEO effective April 26, 2018. Margo Georgiadis, who became Mattel's CEO in February 2017, has informed the Board of her decision to step down to pursue a new opportunity in the technology sector.

Mattel gapped open lower Friday and is now down 0.88 at $12.57 on above average volume. The stock has fallen to a new low for the year.

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This article appears in: World Markets , Stocks
Referenced Symbols: MAT

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