Mattel Inc. appointed Diana S. Ferguson, CFO of Cleveland Avenue LLC, to its board of directors, effective July 21, 2020. Ferguson will serve on the board’s audit committee before assuming the role of that committee’s chair on Sept. 1.
“Diana is a highly experienced executive who brings a proven track record of corporate financial management and strategic planning to our Board,” says Ynon Kreiz, Mattel’s chairman and CEO. “We look forward to benefiting from her insights and perspectives as we continue to execute our strategy to transform Mattel into an IP-driven, high-performing toy company to drive growth and value for our shareholders.”
“Mattel is a company with deep societal impact that plays an important role in the lives of children and families around the world. I look forward to working with Ynon and the rest of the Board on the transformation journey that is well under way,” Ferguson says in the same release.
Ferguson currently serves as CFO of Cleveland Avenue LLC, a privately held venture capital and consulting firm. She has also served as a principal of Scarlett Investments LLC, a firm that invests in and advises middle-market consumer products companies, which she founded in 2013. Previously, Ferguson was CFO of the Chicago Board of Education.
Ferguson’s resume also includes SVP and CFO of The Folgers Coffee Co., a division of Procter and Gamble; EVP and CFO of Merisant Worldwide; SVP and CFO of Sara Lee Foodservice and SVP of strategy and corporate development of Sara Lee Corp.
Ferguson is a member of the board of directors of Frontier Communications, where she serves on the nominating and governance committee and chairs the compensation committee. She is also a member of Invacare Corp.’s board of directors, where she serves on the audit and nominating and governance committees; and Sally Beauty Holdings, where she serves on the audit committee and is vice chair of the compensation committee. From 2008-2016, Ferguson was a member of TreeHouse Foods’ board of directors, where she chaired the audit committee for three years and served on the compensation committee.
