Mattel (MAT) Appoints Paul Ruh as CFO

Mattel, Inc. (NASDAQ: MAT) today announced the appointment of Paul Ruh as Chief Financial Officer, effective May 19, 2025. Ruh succeeds Mattel’s current CFO Anthony DiSilvestro, who announced his retirement in January. DiSilvestro will continue to serve as an advisor to the company through August 15, 2025, to ensure a seamless transition of responsibilities. Ruh will report to Ynon Kreiz, Chairman and Chief Executive Officer of Mattel.

Kreiz said: “Paul brings to Mattel an exceptional track record as a global finance leader for some of the world’s largest consumer brands, guiding companies to achieve operational excellence and driving strong performance. We welcome Paul at an exciting chapter in our journey and look forward to his partnership as we continue to successfully execute our multi-year strategy and unlock the full value of our IP outside the toy aisle.”

Ruh said: “The strength of Mattel’s iconic portfolio of global brands is matched only by its potential for future growth. I look forward to partnering with Ynon and the team to help Mattel execute its strategy and create long-term value for shareholders.”

In his role at Mattel, Ruh will oversee Mattel’s global finance organization, including financial planning and analysis, global shared services, real estate, internal audit, investor relations, tax, and treasury, as well as the company’s global technology organization.

Ruh brings to Mattel more than 30 years of public company finance experience and expertise scaling and strengthening world-renowned consumer brands. He currently serves as CFO of consumer health company Kenvue Inc., where he led the separation from Johnson & Johnson Services, Inc., from the planning stages through the IPO, one of the largest splits in public company history. At Kenvue, he helped shaped the strategy and capital allocation priorities to allow more investment behind its brands, setting the stage for accelerated profitable growth.

Prior to that, Ruh was CFO of Johnson & Johnson Consumer Health, where he executed transformational change, putting the business in a position of financial strength, and successfully navigating the challenges posed by the COVID-19 pandemic. He previously spent 13 years at PepsiCo, Inc. in various finance leadership roles, most recently serving as CFO of its multibillion-dollar Latin America business. He began his career in operations finance with The Procter & Gamble Company and in corporate finance at McKinsey & Company in Mexico City and Santiago de Chile.

Ruh holds a Bachelor of Science in Engineering from the Universidad Iberoamericana in Mexico City and an MBA from the MIT Sloan School of Management.

Kreiz added: “On behalf of Mattel’s Board of Directors and management team, we are grateful for Anthony’s countless contributions to Mattel. He played a pivotal role in our transformation and helped to create the financial strength we have as a company today. We wish him the very best in his retirement.”

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