Mattel adds top shareholder EdgePoint Investment's executive to board

By Reuters News

- Mattel MAT.O said on Wednesday it has added a top executive of its largest shareholder, EdgePoint Investment Group, to its board of directors as the toymaker grapples with weak performance and leadership upheaval.

The company has faced pressure from some investors asking the company to consider a sale this year as it battles choppy sales and higher input costs.

The Barbie maker appointed EdgePoint partner Lee Matheson to its board, effective immediately.

EdgePoint owns about 18% of Mattel.

Capital Com is an execution-only service provider. The present material must be regarded as marketing communication and should not be interpreted as investment research or investment advice. Any opinion that may be provided on this page does not constitute a recommendation by Capital Com or its agents. We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. If you rely on the information on this page, then you do so entirely at your own risk