Toy manufacturer Mattel has appointed Joseph Euteneuer as its new chief financial officer.

“It's truly a great opportunity to join Mattel as it executes its new growth strategy to build upon its leadership position and shape the future of the toy industry,” Euteneuer said. “Mattel is an iconic brand and household name for learning and development through play. I look forward to working with the team to future-proof the company and accelerate change.”

Euteneuer brings more than 40 years of financial leadership experience to the position. He most recently served as CFO at Sprint Corp. He previously was CFO at Comcast Corp., Qwest Communications and XM Satellite Radio.

“Joe brings a strong track record of helping companies implement new strategies to improve long-term growth and profitability and we are thrilled to welcome him to our team,” Mattel CEO Margo Georgiadis said. “He has been instrumental in leading companies in a variety of industries through times of transformation and turnaround, which will be invaluable for Mattel as we execute our new growth strategy and create enhanced shareholder value. I am confident that Joe will make a significant impact as we reshape our operations to become leaner, faster and smarter.”