Mattel names Peter Griffith CFO, its second in under 18 months

· Retail & E-commerce · United States

Mattel has named Peter Griffith as chief financial officer, its second CFO in less than 18 months, Retail Dive reported. Griffith joins from a biotech company. Paul Ruh, who has held the CFO role since the spring of 2025, will serve as an adviser through the end of the year. The change puts a new finance chief in place at the toy maker as it heads into the key holiday selling season. Frequent turnover in the top finance job can complicate long-term planning and investor communication, and the transition period through year-end is meant to smooth the handover.

Why it matters：A second CFO change in under 18 months at a major toy maker raises questions about financial leadership stability just as the industry enters its most important selling season.

Key points

  • Peter Griffith joins Mattel as CFO from a biotech company.
  • Paul Ruh has been CFO since spring 2025 and will advise through year-end.
  • It is Mattel's second CFO appointment in under 18 months.

Sources (original reporting)

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