Will Mattel (MAT) Stock be Helped by New CEO Announcement?

April 2, 2015 8:49 PM

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Will Mattel (MAT) Stock be Helped by New CEO Announcement?

NEW YORK (TheStreet) -- On Thursday afternoon toys and games maker Mattel Inc. (MAT - Get Report) announced that it has named Chairman Christopher Sinclair as its permanent CEO effective immediately. Sinclair has been acting as interim CEO since January when Bryan Stockton abruptly resigned from the position.

Sinclair has been a member of the Mattel board since 1996 and has previously served as an executive of PepsiCo Inc. (PEP) and executive and CEO of Caribiner International Inc. and Quality Foods Inc., Bloomberg reports.

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