EL SEGUNDO, Calif., July 9 /PRNewswire-FirstCall/ -- Mattel, Inc.
(NYSE: MAT) today announced the election of Vasant M. Prabhu, executive
vice president and chief financial officer for Starwood Hotels & Resorts
Worldwide Inc., as a new member of the Mattel Board of Directors, effective
Sept. 1, 2007. This election will increase the number of Mattel Board
members from 11 to 12.
"Vasant's leadership in corporate finance and management affords him a
diverse range of business experiences, including his tenure working in
international markets, which will translate well to Board-level decisions
at Mattel," said Robert A. Eckert, chairman and chief executive officer of
Mattel. "We look forward to welcoming him to the team and having the
benefit of his wisdom and guidance."
Responsible for the accounting, tax, treasury, strategic planning,
corporate development, risk management, investor relations and technology
functions of Starwood, Prabhu is a seasoned, established business leader
with more than 20 years of experience in corporate finance and management.
Prior to joining Starwood in January 2004, he served as executive vice
president and chief financial officer for Safeway Inc., one of North
America's largest food retailers. Prabhu's background also includes various
senior executive positions, including president of information and media
group for The McGraw Hill Companies, and senior vice president of finance
and chief financial officer for Pepsi Cola International, where he was
responsible for the company's franchise and owned operations in more than
100 countries. Prabhu holds an M.B.A. in Marketing and Finance from the
University of Chicago and a B.S. in Engineering from the Indian Institute
of Technology in Bombay, India.
About Starwood Hotels & Resort Worldwide Inc.
Starwood Hotels & Resorts Worldwide Inc. is one of the leading hotel
and leisure companies in the world with approximately 870 properties in
more than 95 countries and 145,000 employees at its owned and managed
properties. Starwood(R) Hotels is a fully integrated owner, operator and
franchisor of hotels and resorts with the following internationally
renowned brands: St. Regis(R), The Luxury Collection(R), Sheraton(R),
Westin(R), Four Points(R) by Sheraton, W(R), Le Meridien(R) and the
recently announced Aloft(SM) and Element(SM) Hotels. Starwood Hotels also
owns Starwood Vacation Ownership, Inc., one of the premier developers and
operators of high quality vacation interval ownership resorts. For more
information, please visit http://www.starwoodhotels.com.
About Mattel
Mattel, Inc., (NYSE: MAT, http://www.mattel.com) is the worldwide
leader in the design, manufacture and marketing of toys and family
products. The Mattel family is comprised of such best-selling brands as
Barbie(R), the most popular fashion doll ever introduced, Hot Wheels(R),
Matchbox(R), American Girl(R), Radica(R) and Tyco(R) R/C, as well as
Fisher-Price(R) brands, including Little People(R), Power Wheels(R) and a
wide array of entertainment-inspired toy lines. Mattel is recognized as one
of the 100 Most Trustworthy U.S. Companies by Forbes Magazine and is ranked
among the 100 Best Corporate Citizens by CRO Magazine. Committed to ethical
manufacturing practices, Mattel marks a 10-year milestone in 2007 for its
ever-evolving Global Manufacturing Principles and focus on sustainable
business practices. With global headquarters in El Segundo, Calif., Mattel
employs more than 30,000 people in 43 countries and territories and sells
products in more than 150 nations. Mattel's vision is to be the world's
premier toy brands today and tomorrow.
SOURCE Mattel, Inc.
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Related links:
http://www.mattel.com
http://www.starwoodhotels.com
http://www.prnewswire.com/comp/540363.html /
CONTACT:
Jules Andres of Mattel, Inc.,
+1-310-252-3529, Jules.Andres@mattel.com
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