Mattel Announces Planned Retirement of Chief Financial Officer Anthony DiSilvestro
Mattel (NASDAQ: MAT) announced that Chief Financial Officer Anthony DiSilvestro will retire on May 15, 2025, followed by a three-month advisory period until August 15, 2025. The company has initiated a comprehensive search process with an executive search firm to find his successor.
DiSilvestro, who joined Mattel in August 2020, has been instrumental in strengthening the company's financial position. During his tenure, Mattel achieved an investment grade rating and generated over $400 million in cost savings through operational optimization and increased efficiencies. He played a key role in transforming Mattel into an IP-driven, high-performing toy company.
Mattel (NASDAQ: MAT) ha annunciato che il Direttore Finanziario Anthony DiSilvestro andrà in pensione il 15 maggio 2025, seguito da un periodo di consulenza di tre mesi fino al 15 agosto 2025. L'azienda ha avviato un processo di ricerca completo con una società di ricerca esecutiva per trovare il suo successore.
DiSilvestro, che è entrato in Mattel nell'agosto 2020, è stato fondamentale per rafforzare la posizione finanziaria dell'azienda. Durante il suo mandato, Mattel ha raggiunto un rating di investimento e ha generato oltre 400 milioni di dollari in risparmi sui costi attraverso l'ottimizzazione operativa e l'aumento dell'efficienza. Ha svolto un ruolo chiave nella trasformazione di Mattel in un'azienda di giocattoli ad alte prestazioni, guidata dalla proprietà intellettuale.
Mattel (NASDAQ: MAT) anunció que el Director Financiero Anthony DiSilvestro se retirará el 15 de mayo de 2025, seguido de un período de asesoría de tres meses hasta el 15 de agosto de 2025. La compañía ha iniciado un proceso de búsqueda integral con una firma de búsqueda ejecutiva para encontrar a su sucesor.
DiSilvestro, quien se unió a Mattel en agosto de 2020, ha sido fundamental para fortalecer la posición financiera de la empresa. Durante su mandato, Mattel logró una calificación de grado de inversión y generó más de 400 millones de dólares en ahorros de costos a través de la optimización operativa y el aumento de la eficiencia. Desempeñó un papel clave en la transformación de Mattel en una empresa de juguetes de alto rendimiento impulsada por la propiedad intelectual.
Mattel (NASDAQ: MAT)는 최고재무책임자(CFO)인 앤서니 디실베스트로가 2025년 5월 15일에 은퇴할 것이며, 2025년 8월 15일까지 3개월의 자문 기간을 가질 것이라고 발표했습니다. 이 회사는 후임자를 찾기 위해 경영진 검색 전문 회사와 포괄적인 검색 과정을 시작했습니다.
디실베스트로는 2020년 8월에 Mattel에 합류했으며 회사의 재무 상태를 강화하는 데 중요한 역할을 했습니다. 그의 임기 동안 Mattel은 투자 등급 평가를 달성했으며, 운영 최적화와 효율성 향상을 통해 4억 달러 이상의 비용 절감을 생성했습니다. 그는 Mattel을 지식재산 중심의 고성능 장난감 회사로 변모시키는 데 핵심적인 역할을 했습니다.
Mattel (NASDAQ: MAT) a annoncé que le directeur financier, Anthony DiSilvestro, prendra sa retraite le 15 mai 2025, suivi d'une période de conseil de trois mois jusqu'au 15 août 2025. L'entreprise a lancé un processus de recherche complet avec une société de recherche exécutive pour trouver son successeur.
DiSilvestro, qui a rejoint Mattel en août 2020, a joué un rôle clé dans le renforcement de la position financière de l'entreprise. Au cours de son mandat, Mattel a obtenu une note de qualité d'investissement et a généré plus de 400 millions de dollars d'économies de coûts grâce à l'optimisation opérationnelle et à l'augmentation des efficacités. Il a joué un rôle essentiel dans la transformation de Mattel en une entreprise de jouets performante, axée sur la propriété intellectuelle.
Mattel (NASDAQ: MAT) gab bekannt, dass der Finanzvorstand Anthony DiSilvestro am 15. Mai 2025 in den Ruhestand gehen wird, gefolgt von einer dreimonatigen Beratungszeit bis zum 15. August 2025. Das Unternehmen hat einen umfassenden Suchprozess mit einer Personalberatung eingeleitet, um seinen Nachfolger zu finden.
DiSilvestro, der im August 2020 zu Mattel stieß, war entscheidend an der Stärkung der finanziellen Position des Unternehmens beteiligt. Während seiner Amtszeit erreichte Mattel eine Investitionsgradbewertung und erzielte über 400 Millionen Dollar in Kosteneinsparungen durch betriebliche Optimierungen und erhöhte Effizienzen. Er spielte eine Schlüsselrolle bei der Transformation von Mattel zu einem ip-gesteuerten, leistungsstarken Spielzeugunternehmen.
- Achieved investment grade rating during CFO's tenure
- Generated over $400 million in cost savings through operational optimization
- Structured transition period with 3-month advisory role after retirement
- Loss of key executive who led significant financial improvements
Insights
The planned retirement of Mattel's CFO DiSilvestro marks the end of a successful tenure characterized by significant financial improvements. Under his leadership, Mattel achieved investment grade rating and realized
Looking at Mattel's current market cap of
For retail investors: The well-planned succession process and lengthy transition period suggest minimal disruption risk. The focus should be on whether the next CFO maintains the fiscal discipline and strategic direction established during DiSilvestro's tenure. The timing of the announcement, well ahead of the actual retirement, demonstrates proper succession planning and corporate governance.
Ynon Kreiz, Chairman and CEO of Mattel, said: “Anthony has played a key role in steering Mattel to achieve its strongest financial position in many years. On behalf of Mattel’s Board of Directors and management team, we express our gratitude for Anthony’s significant contributions to Mattel’s transformation into an IP-driven, high-performing toy company and wish him the very best in his retirement.”
DiSilvestro joined Mattel in August 2020. During his five years as CFO, Mattel achieved an investment grade rating, strengthened its financial organization, optimized operations, and increased efficiencies with over
DiSilvestro added: “It has been an honor working alongside Ynon and the talented team at Mattel at such an exciting time in its history. I am proud of all we have accomplished together and believe the Company is well positioned to continue executing its multi-year strategy and create long-term shareholder value. As I move to the next chapter of my life in retirement, I look forward to watching Mattel’s continued success for years to come.”
About Mattel
Mattel is a leading global toy and family entertainment company and owner of one of the most iconic brand portfolios in the world. We engage consumers and fans through our franchise brands, including Barbie®, Hot Wheels®, Fisher-Price®, American Girl®, Thomas & Friends™, UNO®, Masters of the Universe®, Matchbox®, Monster High®, MEGA® and Polly Pocket®, as well as other popular properties that we own or license in partnership with global entertainment companies. Our offerings include toys, content, consumer products, digital and live experiences. Our products are sold in collaboration with the world’s leading retail and ecommerce companies. Since its founding in 1945, Mattel is proud to be a trusted partner in empowering generations to explore the wonder of childhood and reach their full potential. Visit us at mattel.com.
Cautionary Note Regarding Forward-Looking Statements
Mattel cautions the reader that this press release contains a number of forward-looking statements, which are statements that relate to the future and are, by their nature, uncertain. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts and include statements regarding Mattel’s guidance and goals for future periods and other future events. The use of words such as “anticipates,” “expects,” “intends,” “plans,” “projects,” “look forward,” “confident that,” “believes,” and “targeted,” among others, generally identify forward-looking statements. These forward-looking statements are based on currently available operating, financial, economic, and other information and assumptions, and are subject to a number of significant risks and uncertainties. A variety of factors, many of which are beyond Mattel’s control, could cause actual future results to differ materially from those projected in the forward-looking statements. Specific factors that might cause such a difference include, but are not limited to: (i) Mattel’s ability to design, develop, produce, manufacture, source, ship, and distribute products on a timely and cost-effective basis; (ii) sufficient interest in and demand for the products and entertainment Mattel offers by retail customers and consumers to profitably recover Mattel’s costs; (iii) downturns in economic conditions affecting Mattel’s markets which can negatively impact retail customers and consumers, and which can result in lower employment levels and lower consumer disposable income and spending, including lower spending on purchases of Mattel’s products; (iv) other factors which can lower discretionary consumer spending, such as higher costs for fuel and food, drops in the value of homes or other consumer assets, and high levels of consumer debt; (v) potential difficulties or delays Mattel may experience in implementing cost savings and efficiency enhancing initiatives; (vi) other economic and public health conditions or regulatory changes in the markets in which Mattel and its customers and suppliers operate, which could create delays or increase Mattel’s costs, such as higher commodity prices, labor costs or transportation costs, or outbreaks of disease; (vii) the effect of inflation on Mattel’s business, including cost inflation in supply chain inputs and increased labor costs, as well as pricing actions taken in an effort to mitigate the effects of inflation; (viii) currency fluctuations, including movements in foreign exchange rates, which can lower Mattel’s net revenues and earnings, and significantly impact Mattel’s costs; (ix) the concentration of Mattel’s customers, potentially increasing the negative impact to Mattel of difficulties experienced by any of Mattel’s customers, such as bankruptcies or liquidations or a general lack of success, or changes in their purchasing or selling patterns; (x) the inventory policies of Mattel’s retail customers, as well as the concentration of Mattel’s revenues in the second half of the year, which coupled with reliance by retailers on quick response inventory management techniques, increases the risk of underproduction, overproduction , and shipping delays; (xi) legal, reputational, and financial risks related to security breaches or cyberattacks; (xii) work disruptions, including as a result of supply chain disruption such as plant or port closures, which may impact Mattel’s ability to manufacture or deliver product in a timely and cost-effective manner; (xiii) the impact of competition on revenues, margins, and other aspects of Mattel’s business, including the ability to offer products that consumers choose to buy instead of competitive products, the ability to secure, maintain, and renew popular licenses from licensors of entertainment properties, and the ability to attract and retain talented employees and adapt to evolving workplace models; (xiv) the risk of product recalls or product liability suits and costs associated with product safety regulations; (xv) changes in laws or regulations in
MAT-FIN MAT-CORP
View source version on businesswire.com: https://www.businesswire.com/news/home/20250116893276/en/
News Media
Catherine Frymark
Catherine.Frymark@mattel.com
Securities Analysts
Jenn Kettnich
Jenn.Kettnich@mattel.com
Source: Mattel, Inc.
FAQ
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