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Mattel Inc.
Mattel replaces CEO amid slumping sales
Mattel replaces CEO amid slumping sales

Struggling toy maker Mattel Inc. said Bryan Stockton was resigning as chief executive and chairman amid disappointing preliminary fourth-quarter results. The El Segundo company said Monday that Christopher Sinclair, who has served as a board member since 1996, was immediately taking over as chairman and interim CEO. “The Board believes that it is the right time for new leadership to maximize its potential,” Sinclair said in a statement. Sinclair said Mattel will work to “revitalize” its business and also to find the right leadership in coming months. The toy company has been struggling to connect with parents and children over the past year. Its classic...

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