From Barbie to Boardroom: Gap Appoints Former Mattel Executive as CEO — Retail Bum

After a year-long search for the right leader, Gap is placing its bets on an executive who played a crucial role in transforming Barbie, aiming to rejuvenate the declining apparel giant. The retailer has appointed Richard Dickson, Mattel’s current president and chief operating officer, as its newest chief executive.

His departure from Mattel, which was communicated to the staff on Wednesday, July 26, 2023, interestingly follows the “Barbie” movie’s blockbuster success at the box office, having grossed more than $356 million in sales.

“Mattel is a remarkable company that is heading into an exciting new era. I’m immensely proud of the work we did together, driving brand purpose, design innovation, cultural relevance, and executional excellence. I thank Ynon, the board, the leadership team, and the entire Mattel organization for their partnership and the incredible work we did together. It has been an inspiring journey and a true honor to be part of this amazing community and company,” said Dickson in a statement.

The highlight of Dickson’s extensive career might be the successful rejuvenation of the Barbie franchise. However, his expertise in the apparel industry is equally impressive. After working for Mattel between 2000 and 2010 as the general manager…