Mattel welcomes Julius Genachowski and Dawn Ostroff to its Board as Independent Directors

– USA, CA –  Mattel, Inc. (NASDAQ: MAT) today announced the appointments of Julius Genachowski and Dawn Ostroff to its Board as Independent Directors, effective February 5, 2024, bringing extensive combined experience in media, entertainment, and technology, and expertise in finance, M&A, and government regulation.

“Julius and Dawn are globally respected leaders in media, entertainment, and technology and we are thrilled to welcome them to Mattel’s Board of Directors. Their expertise complements the skills and experience of our current Directors as we continue to execute our strategy to grow Mattel’s IP-driven toy business and expand our entertainment offering,” said Chairman and CEO, Ynon Kreiz.

Todd Bradley and Ann Lewnes stepped down from the Board of Directors, effective February 1, 2024.

About Julius Genachowski

Julius Genachowski brings to Mattel extensive experience in technology, media, and telecom, including internet and digital communications policy, cybersecurity, and privacy. He brings a global perspective from his various roles, and experience in finance, M&A, risk oversight, and corporate governance. Mr. Genachowski is a Senior Advisor with Carlyle, a leading global investment firm, where he served as Partner and Managing Director from 2014 through 2023. Before Carlyle, he served as Chairman of the FCC from 2009 to 2013. Under his leadership, the FCC took major actions to extend broadband access, accelerate the rollout of advanced mobile networks, free up spectrum for wireless communications, preserve a vibrant Internet and media landscape, foster competition and enhance public safety communications. Previously, he was a senior executive and member of the Office of the Chairman at IAC/InterActiveCorp, which owned and operated multiple Internet and entertainment businesses, including Expedia, Ticketmaster, USA Network, and USA Films. Mr. Genachowski served on President-elect Obama’s Transition Board in 2008 and as a senior advisor on technology and policy to the Obama presidential campaign. Mr. Genachowski is currently Chairman of the Board of Directors of Sonos and serves on the Board of Directors of Mastercard where he is Chair of the Audit Committee. He previously served on the Board of Directors of Sprint until its sale to T-Mobile.

Julius Genachowski said: “Mattel is one of the world’s most iconic companies, built on a foundation of cherished brands, grounded in values, and well positioned for future growth. I am proud to join the Board of Directors, and look forward to working closely with Ynon and the board to serve Mattel and its shareholders at this exciting time for the company.”

About Dawn Ostroff

Dawn Ostroff brings to Mattel more than 30 years of experience in media and entertainment, technology, and advertising with a proven track record of growing and transforming companies to meet the expectations of new generations of consumers. She most recently served as Chief Content & Advertising Business Officer at Spotify. Ms. Ostroff most recently served as Chief Content & Advertising Business Officer at Spotify from 2018 through 2023. Before Spotify, Ms. Ostroff co-founded Condé Nast Entertainment and served as President of the company from 2011 to 2018. At CNE, she launched its digital video business, built its technology and advertising teams, and established the feature film and television divisions which developed IP from the company’s iconic brands. Before that, she was President of Entertainment for the CW broadcast network and President of United Paramount Network, a subsidiary of CBS. Ms. Ostroff has extensive board experience across several industry sectors and currently serves as an independent director on the Board of Paramount Global. She currently serves on the New York University Faculty of Arts and Science Board of Overseers. She previously served on the boards of Activision Blizzard, Westfield Corporation, and Anonymous Content, an Emerson Collective company.

Dawn Ostroff said: “Mattel has a unique portfolio of brands and franchises with built in audiences and incredible potential for development and expansion through opportunities in media and entertainment. I am looking forward to working alongside Ynon and the Board of Directors at Mattel as the company maximizes the potential of its world-class IP and enters its next phase of growth.”

About Mattel

Mattel is a leading global toy company and owner of one of the strongest portfolios of children’s and family entertainment franchises in the world. We create innovative products and experiences that inspire, entertain, and develop children through play. We engage consumers through our portfolio of iconic brands, including Barbie, Hot Wheels, Fisher-Price, American Girl, Thomas & Friends, UNO, Masters of the Universe, Monster High, and MEGA, as well as other popular intellectual properties that we own or license in partnership with global entertainment companies. Our offerings include film and television content, gaming and digital experiences, music, and live events. We operate in 35 locations and our products are available in more than 150 countries in collaboration with the world’s leading retail and e-commerce companies. Since its founding in 1945, Mattel is proud to be a trusted partner in empowering children to explore the wonder of childhood and reach their full potential.


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