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Mattel names new CEO

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Mattel Inc. CEO Margo Georgiadis is exiting the toy maker after about a year working at the company.

Georgiadis is leaving to become CEO of genealogy company Ancestry.

At Mattel, Georgiadis will be replaced by Ynon Kreiz, a company director. He'll be the fourth person to become Mattel's CEO in as many years.

Read more from The Wall Street Journal.

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