Thursday, April 19, 2018

Business: Barbie, Hot Wheels Slump Too Deep for Mattel CEO?

Mattel Chief Executive Margaret "Margo" Georgiadis is in discussions to leave the toy maker, according to people familiar with the matter, an abrupt exit at a company struggling with slumping sales and in the midst of a restructuring.
The former Google executive, who joined Mattel in February 2017, has been unable to reverse the Barbie doll and Hot Wheels maker’s fortunes.
The details of her departure are unclear, Mattel did not immediately respond to requests for comment.
Shares of the company fell more than 2 percent during trading on Thursday.

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