Roger Lynch Steps Down as Conde Nast CEO After Seven Years to Lead Mattel Roger Lynch is leaving Conde Nast after more than seven years as CEO to become chief executive of Mattel. Mike Perlis will serve as interim CEO while the board searches for a permanent replacement. Roger Lynch announced Wednesday that he is stepping down as CEO of Conde Nast after more than seven years on the job. He will become the new chief executive of Mattel. Conde Nast CEO Succession PlanLynch will remain on the board of the media conglomerate, which is home to publications like The New Yorker, Vogue, GQ and Vanity Fair. He has served as the lead independent director for Mattel since 2018. Mike Perlis, Conde Nast's lead independent director, will serve as interim CEO while the company's board launches a search for the next chief executive. The board will begin a search for Conde Nast's next CEO.Prior to joining Conde Nast, Lynch was the president and CEO of Pandora, a music streaming app. He joined Conde Nast in 2019 after seven and a half years in the role. In a note Wednesday, Lynch wrote, When I joined Conde Nast, I had the simple ambition to leave this extraordinary place stronger than I found it.Together, we navigated a pandemic, enormous disruption across our industry, and a media landscape that seemed to change beneath our feet every year. And yet, there is no doubt that we transformed Conde Nast for a new era, he continued. We brought our global businesses together, built a unified company, and strengthened our journalism and creative work.Lynch's Growth and Transformation RecordSince joining Conde Nast in 2019, Lynch was tasked with integrating the US and international businesses and helping the company navigate a challenging media environment. One of the big areas of opportunity he saw when he joined the company was to expand the consumer and events businesses, which he scaled considerably. I am particularly proud of how far we have come in these areas, he said.Since 2020, revenue from commerce grew by 170%, digital subscriptions by 155%, and US tentpole events increased ninefold. Lynch's departure marks the end of a tenure that spanned a global pandemic and sweeping changes across the media industry. He will now take the helm at Mattel, the toy company behind Barbie and other major brands. The announcement was made today, with Lynch set to move on to Mattel.Conde Nast's board will now begin the search for its next CEO, with Perlis holding the interim role in the meantime. Perlis, as lead independent director, will oversee the company during the transition period. The search for a permanent CEO is expected to take place over the coming months. Lynch's move to Mattel comes after he served as the lead independent director for the toy company since 2018.Mattel Move and Leadership TransitionHe previously led Pandora, the music streaming app, as president and CEO. During his time at Conde Nast, Lynch focused on bringing together the company's global operations. He also worked to strengthen its journalism and creative work across its portfolio of brands. The company's consumer and events businesses saw significant growth under his leadership.Commerce revenue, digital subscriptions and US tentpole events all posted major gains since 2020. Conde Nast is home to some of the most well-known publications in media, including The New Yorker, Vogue, GQ and Vanity Fair. Lynch's departure and the search for his successor come at a pivotal time for the company.