Mattel's head of Fisher-Price brand to leave, Jan. 22 memo shows
Reuters
Published Feb 06, 2024 04:05PM ET
Updated Feb 06, 2024 04:46PM ET
(Reuters) -Toymaker Mattel (NASDAQ:MAT) said on Tuesday its Fisher-Price brand head, Chuck Scothon, will leave the company after several years of leading the division.
The company announced the change internally via a global memo on Jan. 22, it told Reuters in an emailed statement.
Mattel's spokesperson said Scothon will continue to lead the infant toys category while the company finds his replacement.
On Feb. 1, Mattel came under pressure from activist investor Barington Capital, which pushed for a possible sale of its Fisher-Price and American Girl brands and separating the role of CEO from the chairman.
Mattel is scheduled to report its fourth-quarter results after markets close on Feb. 7.
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Written By: Reuters
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