Mr. Genachowski previously served as Chairman
of the FCC; Ms. Ostroff was Chief Content & Advertising
Business Officer at Spotify
Mattel, Inc. (NASDAQ: MAT) announced today that Julius
Genachowski and Dawn Ostroff have joined the Company’s Board of
Directors, effective February 5, 2024. The new Directors bring
extensive combined experience in media, entertainment, and
technology, and expertise in finance, M&A, and government
regulation, which will help further Mattel’s strategy to grow its
IP-driven toy business and expand its entertainment offering.
Mr. Genachowski brings to Mattel extensive experience in
technology, media and telecom, including internet and digital
communications policy, cybersecurity, and privacy. He brings a
global perspective from his various roles, and experience in
finance, M&A, risk oversight and corporate governance. Mr.
Genachowski is a Senior Advisor at Carlyle, a leading global
investment firm, following a decade as Partner and Managing
Director. Prior to that, he served as Chairman of the U.S. Federal
Communications Commission (FCC), where he led development of the
first U.S. National Broadband Plan and the modernization of rules
for digital media and communications. Previously, he was a senior
executive and member of the Office of the Chairman at IAC. Mr.
Genachowski is Chairman of the Board of Directors of Sonos and
serves on the Board of Mastercard. He previously served on the
Board of Sprint.
Ms. Ostroff brings to Mattel more than 30 years of experience in
media and entertainment, technology, and advertising with a proven
track record of growing and transforming companies to meet the
expectations of new generations of consumers. She most recently
served as Chief Content & Advertising Business Officer at
Spotify. Ms. Ostroff founded Condé Nast Entertainment and was the
President of Entertainment for the CW broadcast network and
President of United Paramount Network, a subsidiary of CBS. Ms.
Ostroff currently serves on the Board of Directors of Paramount
Global. Previously, she served on the Board of Activision Blizzard
and the Westfield Corporation. Ms. Ostroff also serves on the New
York University Faculty of Arts and Science Board of Overseers.
Ynon Kreiz, Chairman and CEO of Mattel, said: “Julius and Dawn
are globally respected leaders in media, entertainment, and
technology and we are thrilled to welcome them to Mattel’s Board of
Directors. Their expertise complements the skills and experience of
our current Directors as we continue to execute our strategy to
grow Mattel's IP-driven toy business and expand our entertainment
offering.”
Mr. Genachowski commented: “Mattel is one of the world’s most
iconic companies, built on a foundation of cherished brands,
grounded in values, and well positioned for future growth. I am
proud to join the Board of Directors, and look forward to working
closely with Ynon and the board to serve Mattel and its
shareholders at this exciting time for the company.”
Ms. Ostroff added: “Mattel has a unique portfolio of brands and
franchises with built in audiences and incredible potential for
development and expansion through opportunities in media and
entertainment. I am looking forward to working alongside Ynon and
the Board of Directors at Mattel as the company maximizes the
potential of its world-class IP and enters its next phase of
growth.”
Directors Todd Bradley and Ann Lewnes stepped down from the
Mattel Board of Directors, effective February 1, 2024.
Mr. Kreiz continued: “We thank Todd and Ann for their many years
of dedicated service to our Board of Directors through our
transformation to become an IP-driven, high-performing toy company.
We are grateful for their support and guidance and playing an
active role during their tenure.”
About Julius Genachowski
Mr. Genachowski is a Senior Advisor with Carlyle, a leading
global investment firm, where he served as Partner and Managing
Director from 2014 through 2023. Prior to Carlyle, he served as
Chairman of the FCC from 2009 to 2013. Under his leadership, the
FCC took major actions to extend broadband access, accelerate the
rollout of advanced mobile networks, free up spectrum for wireless
communications, preserve a vibrant Internet and media landscape,
foster competition and enhance public safety communications.
Previously, he was a senior executive and member of the Office of
the Chairman at IAC/InterActiveCorp, which owned and operated
multiple Internet and entertainment businesses, including Expedia,
Ticketmaster, USA Network, and USA Films. Mr. Genachowski served on
President-elect Obama’s Transition Board in 2008, and as a senior
advisor on technology and policy to the Obama presidential
campaign. Mr. Genachowski is currently Chairman of the Board of
Directors of Sonos and serves on the Board of Directors of
Mastercard where he is Chair of the Audit Committee. He previously
served on the Board of Directors of Sprint until its sale to
T-Mobile.
About Dawn Ostroff
Ms. Ostroff most recently served as Chief Content &
Advertising Business Officer at Spotify from 2018 through 2023.
Prior to Spotify, Ms. Ostroff co-founded Condé Nast Entertainment
(CNE) and served as President of the company from 2011 to 2018. At
CNE, she launched its digital video business, built its technology
and advertising teams, and established the feature film and
television divisions which developed IP from the company’s iconic
brands. Prior to that, she was President of Entertainment for the
CW broadcast network and President of United Paramount Network, a
subsidiary of CBS. Ms. Ostroff has extensive board experience
across several industry sectors and currently serves as an
independent director on the Board of Paramount Global. She
currently serves on the New York University Faculty of Arts and
Science Board of Overseers. She previously served on the boards of
Activision Blizzard, Westfield Corporation and Anonymous Content,
an Emerson Collective company.
With the changes announced today, the Mattel Board will remain
comprised of eleven members, 10 of whom are independent. Other
members of the Mattel Board of Directors are: Chairman Ynon Kreiz,
Adriana Cisneros, Michael Dolan, Diana Ferguson, Noreena Hertz,
Soren Laursen, Roger Lynch, Dominic Ng, and Judy Olian.
About Mattel
Mattel is a leading global toy company and owner of one of the
strongest portfolios of children’s and family entertainment
franchises in the world. We create innovative products and
experiences that inspire, entertain, and develop children through
play. We engage consumers through our portfolio of iconic brands,
including Barbie®, Hot Wheels®, Fisher-Price®, American Girl®,
Thomas & Friends®, UNO®, Masters of the Universe®, Monster
High® and MEGA®, as well as other popular intellectual properties
that we own or license in partnership with global entertainment
companies. Our offerings include film and television content,
gaming and digital experiences, music, and live events. We operate
in 35 locations and our products are available in more than 150
countries 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 children to explore the wonder
of childhood and reach their full potential. Visit us online at
mattel.com.
MAT-CORP
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version on businesswire.com: https://www.businesswire.com/news/home/20240207358741/en/
Catherine Frymark catherine.frymark@mattel.com
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