Dive Brief:
- Mattel appointed Sai Koorapati as SVP and CTO, effective Monday, according to a release from the toy company. Koorapati will report to CFO Anthony DiSilvestro.
- Koorapati brings over 25 years of tech leadership experience to Mattel. Previously, he served as SVP of global IT at Topgolf Callaway Brands, leading a digital transformation initiative for growth and risk management.
- Koorapati replaces former CTO Sven Gerjets, who left Mattel in May after nearly seven years with the toy manufacturer.
Dive Insight:
Koorapati’s appointment aligns with Mattel’s plans for AI integration and cost savings targets.
DiSilvestro mentioned, “He brings a strong track record in leading digital transformations and expertise in enterprise applications, customer-facing systems, and cybersecurity tools. We anticipate Sai’s contribution in navigating complex technological landscapes and fostering innovation at Mattel.”
Koorapati will oversee all tech innovation aspects at Mattel, including AI, shared platforms, software and hardware development, online security and privacy.
Speaking about efficiency improvements and leveraging global scale, DiSilvestro highlighted AI as a key focus for optimization, especially within the supply chain.
In Q2 2024, Mattel achieved $20 million in savings, progressing towards their 2024 savings target of $60 million.
