Shares of Mattel, Inc. (NASDAQ:MAT) ended Thursday session in red amid volatile trading. The shares closed down -0.38 points or -1.16% at $32.47 with 340.62 million shares getting traded. Post opening the session at $32.68 the shares hit an intraday low of $32.46 and an intraday high of $32.88 and the price vacillated in this range throughout the day. The company has a market cap of $11.04 billion and the numbers of outstanding shares have been calculated to be 340.62 million shares.
Mattel, Inc. designs, manufactures, and markets a range of toy products worldwide. The company operates in three segments: North America, International, and American Girl. It offers dolls and accessories, vehicles and play sets, and games and puzzles under the Mattel Girls & Boys brands, including Barbie, Monster High, Disney Classics, Ever After High, Little Mommy, Polly Pocket, Hot Wheels, Matchbox, CARS, Disney Planes, BOOMco, Radica, Toy Story, Max Steel, WWE Wrestling, and DC Comics. The company also provides its products under the Fisher-Price brands, such as Fisher-Price, Little People, BabyGear, Laugh & Learn, Imaginext, Thomas & Friends, Dora the Explorer, Mickey Mouse Clubhouse, Disney Jake, the Never Land Pirates, and Power Wheels.
Shares of General Mills, Inc. (NYSE:GIS) ended Thursday session in red amid volatile trading. The shares closed down -0.36 points or -0.53% at $67.47 with 599.55 million shares getting traded. Post opening the session at $67.60 the shares hit an intraday low of $67.31 and an intraday high of $68.07 and the price vacillated in this range throughout the day. The company has a market cap of $38.71 billion and the numbers of outstanding shares have been calculated to be 599.55 million shares.
General Mills, Inc. (GIS) on Aug. 30, 2016 announced two new senior leadership appointments. Jon Nudi has been named Senior Vice President; President, U.S. Retail, one of the company’s three operating segments. The U.S. Retail role was previously held by Jeff Harmening who was promoted in June to President and Chief Operating Officer of General Mills. Nudi has most recently been located in Europe running the Europe-Australasia business for General Mills.
Nudi joined General Mills in 1993 and has held a number of roles within the company including serving as the President of the U.S. Snacks division. Under Nudi’s leadership the division experienced both sales and profit growth. Most recently, Nudi has served as head of the company’s Europe-Australasia region where he has delivered outstanding performance including profit growth and top line sales growth. Nudi holds an MBA from the Kellogg School of Management at Northwestern University and a bachelor’s degree from Penn State University.
Replacing Nudi in Europe will be Bethany Quam who has been promoted to Senior Vice President, President, Europe and Australasia region. Quam was most recently head of the Convenience and Foodservice operating segment, responsible for U.S. away-from-home sales and marketing.
“Jon and Bethany are exceptional leaders who know General Mills well and have led successful change efforts for us the last two years,” said Jeff Harmening, President, and Chief Operating Officer of General Mills. “They both bring a unique blend of consumer, customer, and channel knowledge to their new roles, and a strong track record of innovation.”
Quam is a 23-year veteran of General Mills who has held roles in finance, sales, strategic planning, and marketing. As the head of Convenience and Foodservice, Quam significantly reshaped the operating unit around the “Focus 6” platforms and led the segment to record sales and profit growth the last two years. Quam holds an MBA from the University of Minnesota Carlson School of Management and a bachelor’s degree from Indiana University.