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Mattel Appoints EdgePoint Executive to Board

Mattel has appointed EdgePoint Investment Group partner Lee Matheson to its board of directors. The move comes as the toymaker faces weak performance, leadership upheaval, and pressure from investors to consider a sale.

Insights:
The Mattel booth on the convention floor at Comic-Con International in San Diego, California, U.S., July 21, 2022. REUTERS/Bing Guan/File Photo

Mattel added EdgePoint Investment partner Lee Matheson to its board on Wednesday evening. EdgePoint owns an 18% stake in the toymaker. The appointment follows investor pressure for a sale amid choppy sales and leadership turnover.
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