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Mattel Hires New CFO Amid Fallout From Accounting-Error Probe

June 23, 2020, 9:04 PM

Mattel Inc. has hired Anthony DiSilvestro, a former Campbell Soup Co. executive, as chief financial officer, as the toymaker continues to cope with the fallout of a whistle-blower claim that said it misled investors in financial statements dating back to 2017.

DiSilvestro will replace Joseph J. Euteneuer after Mattel reports second-quarter results, which it expects to do July 30. The company said in October that Euteneuer would leave in six months. On the same day, Mattel said it understated its income-tax expenses in the third and fourth quarters of 2017, and that it had “material weaknesses in its internal ...