Mattel has elected Vasant M Prabhu, executive VP and chief financial officer for Starwood Hotels and Resorts Worldwide, as a new member of its board of directors, effective as of September 1st.
This appointment increases 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 CEO 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 an established business leader with more than 20 years of experience in corporate finance and management.