EL SEGUNDO, Calif.—Mattel Inc., the largest U.S. toy company, said Thursday that it elected Dirk Van de Put, president and chief executive of McCain Foods Ltd., to its board, adding a seat to accommodate him.
His election is effective Dec. 1. The addition of Van de Put increases Mattel's board to 12 members.
Van de Put has more than 20 years' experience in the food and consumer packaged goods industry. He became the head of McCain in July and served as its chief operating officer.
Before joining McCain, Van de Put was chief executive of Novartis AG. His background includes various executive positions at Groupe Danone, Coca-Cola Co. and Mars Inc., and a degree in veterinary medicine, Mattel said.
The company also said Tully Friedman, a Mattel director since 1984, plans to retire from the board at the end of his current term and will not stand for re-election at Mattel's annual shareholder meeting in May.
The board named Christopher Sinclair, a current board member, to replace Friedman as independent presiding director and as chair of the executive committee, effective immediately.
Sinclair will remain chair of the board's audit committee, while Friedman will continue to head the finance committee and serve on the executive and compensation committees through the end of his term, Mattel said.
In afternoon trading, Mattel shares rose 53 cents to $28.54.