The Traderszone Network

Published in TZ Latest News 26 January, 2015 by The TZ Newswire Staff

Mattel removes CEO, warns on holiday sales

Mattel named former PepsiCo Inc (PEP.N) executive Christopher Sinclair chairman and interim CEO. The company has been hit hard in recent years as its iconic Barbie doll has fallen out of favour with young girls, who are reaching for electronic toys such as tablets and watches and dolls based on Walt Disney Co’s (DIS.N) hit animated movie “Frozen”. Stockton had been Mattel’s CEO since January 2012 and was named chairman in 2013.