Mattel 1999 Annual Report Download - page 10

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As you know, the board is stewarding the operations of the company while conducting the
search for a new Chief Executive Officer. Bill Rollnick now serves as Chairman and Ron Loeb
is acting CEO. We are working closely with John Vogelstein and Tully Friedman, who are the
other members of the Executive Committee. The board’s loyalty to Mattel is strong, based on
its deep connections with the company, and it is committed to playing its part in this period of
significant change. We are extremely fortunate to have in place the five members of the Office
of the Chief Operating Officer to execute our strategy properly, as we search for a permanent
Chief Executive Officer to whom these executives will report. We also have an outstanding
new Chief Financial Officer, Kevin Farr, who brings his many years of experience as Corporate
Controller to his new position and will play a key role in the future of the company.
We want to express our thanks to the other executives who are helping to position
Mattel to take advantage of its solid underpinnings. In particular, we want to thank Ned
Mansour, who has helped shepherd Mattel through this recent period of change and will leave
the company at the end of March, and Joe Gandolfo, who has led our manufacturing organi-
zation for 10 years and will retire in April.
Strong brands, a strategic vision and the best people transformed Mattel from a dream
55 years ago to the $ 5 .5 billion, Fortune 500 company it is today. The very same formula –
terrific brands, a proven strategy, and effective implementation – will help the top toy, tech-
nology, entertainment, education and family products company to regain its luster, and to pros-
per for many years to come.
Ronald M. Loeb
Acting Chief Executive Officer
William D. Rollnick
Chairman
March 1 7 , 2 00 0
8
Ronald Loeb, Acting Chief Executive Officer, left;
and William Rollnick, Chairman