Mattel CEO Ynon Kreiz May Take Senior Role at Paramount-Warner Bros

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Summary · why it matters

Mattel CEO Ynon Kreiz may be headed to David Ellison's Paramount-Warner Bros. in a senior role, The Hollywood Reporter reported on Wednesday, citing people familiar with the matter. The report comes shortly after Mattel announced that Kreiz would step down as chairman and CEO, with Roger Lynch set to succeed him; Mattel said Kreiz would take a senior leadership position at another public company but did not identify the company. Paramount and Warner Bros. Discovery are in the process of combining under Ellison's leadership, and The Hollywood Reporter said the potential move would place Kreiz in a senior position at the combined entertainment company. Kreiz has led Mattel since 2018 and has overseen its expansion into film and television, including the success of "Barbie," according to the report. The report did not provide further details on Kreiz's potential title or responsibilities at the combined company.

Impact on assets 3

Communication Services▲ · 2 stocks
Warner Bros Discovery Inc
WBD
▲ PositiveCapitalrelevance

Kreiz may take a senior role at the combined Paramount-Warner Bros. entity that Warner Bros. Discovery is merging into.

Consumer Discretionary▲ · 1 stocks
Mattel Inc
MAT
± Mixedrelevance

CEO Ynon Kreiz reportedly leaving for Paramount-Warner Bros. after already announcing his departure as Mattel chairman/CEO; no clear positive or negative driver for Mattel.

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