BUZZ - Mattel's stock price falls after announcing CEO transition

September 30 - ** Shares of Barbie maker Mattel (MAT.O) fell 3% to $12.82 in pre-market trading after the company announced a CEO transition

** Mattel has appointed board member Roger Lynch as Chief Executive Officer (link), succeeding Ynon Kreiz

** Kreiz will leave Mattel on October 2 to take a senior executive position at another listed company

** Lynch has served as a Mattel board member since 2018 and is currently the Chief Executive Officer of Condé Nast. He is expected to assume the role of CEO at Mattel on or before November 2

** As of the close of the previous trading day, Mattel (MAT) shares were down 33.4% year to date

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