NEW YORK, NY / ACCESSWIRE / April 23, 2018 / Shares of Mattel sank last week on news that the company's CEO is leaving the company for Ancestry. The company's CEO Margo Georgiadis' departure is effective April 26th, the same day the company is to report its Q1 earnings. Fellow toy making giant Hasbro also saw losses on Friday despite any particular news.

RDI Initiates Coverage on:

Mattel, Inc.
https://www.rdinvesting.com/report/?ticker=MAT

Hasbro, Inc.
https://www.rdinvesting.com/report/?ticker=HAS

Mattel, Inc. shares slipped even further 3.64% into the red on Friday after losing 3% in Thursday trading. The toy maker is losing its CEO and Wall Street hasn't been taking the news well. Mattel CEO Margo Georgiadis is leaving the company in order to take the role of CEO at Ancestry.com. She will service in an advisory role until May 10th as her replacement transitions in. In her place, Ynon Kreiz will take over and will also take over as Chairman of the Board upon election on the company's 2018 shareholder meeting scheduled for May 17th. "Ynon has tremendous expertise across areas critical to our strategy, including digital, media and entertainment, and we have already benefited from that experience and his compelling vision for the company since he became a director," said Christopher Sinclair, the executive chairman and former Mattel CEO. Shares of Mattel have fallen over 40% in the last 12 months. The company will be reporting its first quarter earnings on April 26th after the close.

Access RDI's Mattel, Inc. Research Report at:
https://www.rdinvesting.com/report/?ticker=MAT

Hasbro, Inc. shares closed down 1.40% this past Friday with about 2.7 million shares traded. The toymaker may have slipped into the red after rival Mattel saw its shares sink on news that its CEO would be leaving the company. Earlier this month Hasbro announced that it is launching a new, industry-leading, toy and game recycling pilot program with product recycling company TerraCycle. In the pilot program, consumers will be able to collect and send used Hasbro toys and games to TerraCycle, who will then recycle them into materials that can be re-used in constructing things like park benches and play spaces. The President of the company, John Frascotti, remarked, "We're excited to launch the Hasbro Toy Recycling pilot program because it aligns so well with our purpose to make the world a better place for children and their families. As a company, we know consumers share our commitment to taking care of our planet for future generations, and we see this as an exciting step in our sustainability journey."

Access RDI's Hasbro, Inc. Research Report at:
https://www.rdinvesting.com/report/?ticker=HAS

Our Actionable Research on Mattel, Inc. (NASDAQ: MAT) and Hasbro, Inc. (NASDAQ: HAS) can be downloaded free of charge at Research Driven Investing.

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