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7/26/2023, 2:55 PM (Source: TeleTrader)
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Mattel-0.76%

19.53
Chart for: Mattel

Gap+0.69%

19.06
Chart for: Gap Inc

Gap reportedly names Mattel COO as new CEO

Gap Inc. hired Mattel Inc. President and Chief Operating Officer (COO) Richard Dickson as its new chief executive officer (CEO), The Wall Street Journal (WSJ) reported on Wednesday.

According to the publication, the toy manufacturer's employees were informed about Dickson's departure earlier in the day. Dickson has been credited with recovering Mattel's sales by introducing different types of Barbie dolls to the company's offer. His departure comes shortly after the premiere of the film Barbie, which Mattel co-produced. The film has already grossed over $380 million at the box office.

Gap's previous CEO, Sonia Syngal, announced her resignation in July 2022.

Baha Breaking News (BBN) / JR