Mattel said it fired its ex-CEO, contradicting its press release in January in which it said he was resigning.
Bryan Stockton
Mattel CEO Bryan Stockton has resigned from the helm of the toy giant just weeks after announcing a corporate reshuffle aiming to restore the fortunes of the struggling Barbie manufacturer. Stockton will be replaced in the interim by board director Christopher Sinclair, one-time CEO of Pepsi. The resignation comes at a tough time for Mattel, which released disappointing preliminary fourth quarter earnings on Monday morning as it announced Stockton's departure. Worldwide sales during the all-important holiday shopping season fell 6 percent to $1.99 billion.
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