Mattel CEO to Retire
Playthings Staff -- Gifts and Dec, 11/21/2011 2:15:15 PM
El Segundo, CA -- Robert A. Eckert informed the board of directors of major toy manufacturer Mattel 
Bryan Stockton
Inc. of his decision to retire as CEO effective December 31, after 11 years with the company. The board named Bryan G. Stockton, who has held the position COO for the past year, to succeed Eckert as CEO, effective January 1, 2012 . Eckert will continue in his role as non-executive chairman of the board, and the board elected Stockton as a member of the board, also effective January 1, 2012.
"Simply stated, I have loved working at Mattel, and it has been my privilege to work alongside the most talented and dedicated people in the toy business. Our employees have built this company into what it is today. While my decision to retire has not been an easy one, I am confident that we have the momentum in the marketplace and the leadership in place to take the company to the next level," Eckert said in a statement.
Said Stockton, "This is an exciting time to be working at Mattel, as we evolve the company from toy to play; from product management to franchise management."
Stockton joined Mattel in November 2000 as executive vice president of business planning and development. He gained responsibility for International in 2003 and was promoted to president of International in 2007.
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