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Mattel removes CEO, warns on holiday sales

Barbie dolls are displayed inside a showroom at a Mattel office in Hong Kong  Mattel removes CEO, warns on holiday sales 2015 01 26T145658Z 1 LYNXMPEB0P0PU RTROPTP 2 MATTELMattel named former PepsiCo Inc executive Christopher Sinclair chairman and interim CEO. The company has been hit hard in recent years as its iconic Barbie doll has fallen out of favor with young girls, who are reaching for electronic toys such as tablets and watches and dolls based on Walt Disney Co's hit animated movie "Frozen". Stockton had been Mattel's CEO since January 2012 and was named chairman in 2013.

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