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Mattel names Condé Nast CEO Roger Lynch chairman and CEO as Ynon Kreiz departs

Mattel said Roger Lynch, Condé Nast's CEO, will become its chairman and CEO, succeeding Ynon Kreiz, who is leaving for a role at another public company. Mike Perlis will be interim CEO of Condé Nast.

3 outlets · 2L · 1C · 0R First reported Account updated

Updated (version 2). New coverage since the last version from Deadline. Previously: “Mattel names Condé Nast's Roger Lynch CEO as Ynon Kreiz departs”.

Image: The Hollywood Reporter
Image: Deadline
Image: Variety

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The story, neutrally told

Mattel announced on Wednesday 30 September that Roger Lynch, CEO of Condé Nast, will become its next CEO and chairman. Lynch becomes chairman on Oct. 2 and takes the CEO role "effective on or before" Nov. 2. He succeeds Ynon Kreiz, who steps down as chairman and CEO on Oct. 2 "to take a senior leadership position at another public company", according to Mattel; the company is not named in the coverage.

Lynch has been a Mattel board member since 2018 and has led Condé Nast, owner of Vogue, The New Yorker, Vanity Fair and Wired, since 2019; he will stay on the Condé Nast board. Mike Perlis, Condé Nast's lead independent director, becomes interim CEO there while a permanent successor is sought. Mattel board member Judy Olian, who led the succession process, called Lynch a "visionary leader" and praised Kreiz's eight years of "transformational leadership".

Mattel credited Kreiz with market-share gains, new entertainment licences and the 2023 film "Barbie", the year's top global box office release. Deadline added that Barbie grossed $1.4 billion, while efforts to make a sequel have run aground on budget issues.

Every sentence links to the reporting it rests on.

Left2 outlets

Framing
Trade-press report of an executive swap, leaning on Mattel's statements and Kreiz's entertainment legacy.
Emphasis
Kreiz's push into entertainment and Mattel's listed achievements and licences.
Leaves out or plays down
No mention of the Barbie sequel's budget problems or Lynch's earlier Pandora and Sling TV roles.
Charged language
“media world musical chairs”“Major Shake Up”
For example
“Call it media world musical chairs.” — The Hollywood Reporter
“Mattel credited Kreiz with boosting its market share across key toy categories” — Variety

Centre1 outlet

Framing
Concise news item adding career background and a sceptical note on Barbie follow-ups.
Emphasis
Lynch's and Kreiz's career histories, and the Barbie sequel's difficulties.
Leaves out or plays down
Less of the Mattel statement's detail on market share and licences.
Charged language
“Jumps To Top Job”
For example
“Efforts to make a sequel have run aground on budget issues, however.” — Deadline
“Lynch was CEO of music streamer Pandora and the founding chief exec of Sling TV” — Deadline

Right0 outlets

No right outlet in our sources has covered this story yet.