Mattel Appoints Sanjay Luthra as Chief Commercial Officer; Steve Totzke to Depart

Mattel announced a leadership transition for its global commercial organization. Steve Totzke will step down as President and Chief Commercial Officer, to be succeeded by Sanjay Luthra, the current EVP and Managing Director of EMEA. The change is effective May 1, 2026.

Key Details

• Leadership Change: Effective May 1, 2026, Sanjay Luthra will become Chief Commercial Officer, reporting to CEO Ynon Kreiz.
• Transition Plan: Steve Totzke will remain with the company in a non-executive advisory role as Executive Advisor and President, Strategic Transition, through December 31, 2026, to ensure a smooth transition.
• Successor Background: Mr. Luthra is a Mattel veteran being promoted from his role as Executive Vice President and Managing Director of EMEA and Global Direct-to-Consumer.