Business Insider30 Sept 2026James Faris

Condé Nast CEO Roger Lynch is leaving to run toy giant Mattel. Read his memo to staffers.

Condé Nast CEO Roger Lynch is stepping down, according to a memo viewed by Business Insider.

Lynch told employees on Wednesday that he's leaving after more than seven years to run toy giant Mattel, where he's been on the board of directors since 2018. He'll remain on Condé Nast's board.

Current Mattel CEO Ynon Kreiz, who had looked to expand the Barbie parent into entertainment, will step down on Friday. Mattel shares, which are down 21% in the last 12 months, fell more than 2% on Wednesday as US stocks broadly rose.

Mike Perlis, who's currently Condé Nast's lead independent director, will be the interim CEO of the publishing company behind Vogue, Vanity Fair, The New Yorker, and GQ.

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Condé Nast CEO Roger Lynch is leaving to run toy giant Mattel. Read his memo to staffers.

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