Mattel Hires Amgen's Peter Griffith as CFO, Succeeding Paul Ruh
Mattel named former Amgen CFO Peter Griffith as its new finance chief, replacing Paul Ruh, Dow Jones Newswires reports. Griffith will also join the board.
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what happened
Dow Jones Newswires reports that toy maker Mattel is changing its top finance executive. The company hired Peter Griffith, who served as Amgen's chief financial officer from January 2020 until August of this year, to take over from Paul Ruh. Ruh had joined the El Segundo, California, company in May 2025.
Griffith, 67, will report to Roger Lynch, who left his role as Condé Nast CEO earlier this month to become Mattel's chairman and chief executive, succeeding Ynon Kreiz. Griffith's pay package includes a $1.3 million base salary, a $1.4 million signing bonus, and an annual bonus targeting 100% of base pay with a 200% cap.
Ruh will stay on in an advisory capacity until year-end and is eligible for severance and benefits.
why it matters
The change comes weeks after Kreiz left to co-lead Skydance, the entertainment company formed by Paramount's merger with Warner Bros. Discovery. For investors, a new finance chief during a leadership overhaul can signal a period of reorganization, while the pay terms show what Mattel is offering senior hires.
market impact
Mattel shares: a leadership reshuffle in finance may affect investor confidence in reporting continuity.
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sources
- Mattel Names Peter Griffith Chief Financial Officer, Replacing Paul Ruh — Dow Jones Newswires, 19 October 2026 at 12:42 UTC
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