27 Jan 2015

Business Briefs

3:14 pm on 27 January 2015

Mattel chairman removed

Mattel has removed Bryan Stockton as chief executive and chairman following a 6 percent fall in sales in the crucial Christmas season.

The Barbie doll and Fisher-Price toymaker said board member Christopher Sinclair would replace Mr Stockton as chairman and act as interim chief executive.

Full-year net profits for the world's biggest toy company slid more than $US400 million to almost $US500 million.

Mr Sinclair thanked Mr Stockton for his three years of service but said it was the right time to revitalise the business and identify the right leadership for Mattel.

The popularity of Barbie had faded in the past three years as children opted for dolls based on characters from the Disney animated film Frozen, or gadgets such as tablet computers.

Tait Communications wins New York contract

Tait Communications said it has won a contract to upgrade the communications system for emergency services in Otsego County in New York.

It said the contract is worth about $US3 million.

Tait Communications had provided communications solutions to public safety agencies in North America for more than 30 years.