Mattel Appoints Sai Koorapati Senior Vice President and Chief Technology Officer

Rhea-AI Summary

Mattel (Nasdaq: MAT) has appointed Sai Koorapati as Senior Vice President and Chief Technology Officer, effective August 19, 2024. Koorapati, who will report to CFO Anthony DiSilvestro, brings over 25 years of technology leadership experience to the role. He will oversee all aspects of Mattel's technology innovation and implementation, including shared platforms, software and hardware development, AI, and connected product design.

Koorapati joins Mattel from Topgolf Callaway Brands, where he led a successful digital transformation initiative. His experience includes leadership positions at TaylorMade Golf and international roles in India, Malaysia, Japan, and the UK. Koorapati holds engineering degrees from Andhra University College of Engineering and the National Institute of Industrial Engineering in India.

Positive

• Appointment of an experienced technology leader with 25+ years of experience
• Koorapati's track record in digital transformation and innovation
• Expertise in enterprise applications, customer-facing systems, and cybersecurity
• International experience that could benefit Mattel's global operations

Negative

• None.

EL SEGUNDO, Calif.--(BUSINESS WIRE)-- Mattel, Inc. (Nasdaq: MAT), a leading global toy and family entertainment company and owner of one of the most iconic brand portfolios in the world, announced today that Sai Koorapati has been appointed Senior Vice President and Chief Technology Officer for the company, effective August 19, 2024. Koorapati will report to Anthony DiSilvestro, CFO of Mattel.

Sai Koorapati (Photo: Business Wire)

DiSilvestro said, “We are thrilled to welcome Sai to our leadership team at Mattel. He brings to our company a strong track record leading digital transformations and proven experience across enterprise applications, customer-facing systems, and cybersecurity tools. We look forward to the benefit of Sai’s expertise navigating complex technological landscapes and empowering innovation at Mattel.”

In his role, Koorapati oversees all aspects of Mattel’s technology innovation and implementation, including shared platforms, software and hardware development, artificial intelligence (AI), and connected product design and creation. He also leads Mattel’s online security and privacy.

With over 25 years of technology leadership experience, Koorapati joins Mattel from his most recent role as Senior Vice President, Global Information Technology at Topgolf Callaway Brands where for the past 10 years he led a company-wide digital transformation initiative, resulting in significant growth acceleration, profitability gains, and enhanced risk management during a period of four major acquisitions. He led a high-performing technology team that delivered innovative solutions, including world-class ERP, e-commerce, and analytics platforms.

Previously, Koorapati held leadership positions at TaylorMade Golf, Gathering Storm Group of Companies, and other technology and manufacturing companies. He has a strong foundation in technology and business operations, with international experience in India, Malaysia, Japan, and the United Kingdom.

Koorapati added: “I am proud to join Mattel’s world-class management team, which highly values collaboration and is eager to innovate with technology. The company’s brands have long held a special place in my heart and I look forward to leveraging technology to help advance Mattel’s strategy to grow its IP-driven toy business and expand its entertainment offering.”

Koorapati holds a Bachelor of Engineering in Mechanical Engineering from Andhra University College of Engineering in India and received a Masters of Technology in Industrial Engineering from the National Institute of Industrial Engineering in India. He will be based at Mattel’s global headquarters in El Segundo, California.

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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240814209045/en/

Mattel

Niki Kazakos

Niki.Kazakos@Mattel.com

Source: Mattel, Inc.

FAQ

When will Sai Koorapati start as Mattel's (MAT) new Chief Technology Officer?

Sai Koorapati will start as Mattel's (MAT) new Chief Technology Officer on August 19, 2024.

What are Sai Koorapati's main responsibilities as Mattel's (MAT) new CTO?

As Mattel's (MAT) new CTO, Sai Koorapati will oversee all aspects of technology innovation and implementation, including shared platforms, software and hardware development, AI, connected product design, and online security and privacy.

What is Sai Koorapati's previous work experience before joining Mattel (MAT)?

Before joining Mattel (MAT), Sai Koorapati was Senior Vice President of Global Information Technology at Topgolf Callaway Brands for 10 years, and held leadership positions at TaylorMade Golf and other technology and manufacturing companies.

Who will Sai Koorapati report to at Mattel (MAT)?

At Mattel (MAT), Sai Koorapati will report to Anthony DiSilvestro, the company's Chief Financial Officer.