Toymaker Mattel names Google's Americas President CEO

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The logo of Mattel is seen outside the company's corporate headquarters in El Segundo, California July 17, 2008. REUTERS/Mario Anzuoni (Copyright Reuters 2017)

Mattel Inc , the largest U.S. toymaker, named Margaret Georgiadis, Google Inc's Americas President, its chief executive, replacing Christopher Sinclair, who will remain chairman.

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Georgiadis has also served as chief operating officer of Groupon Inc and chief marketing officer of Discover Financial Services .

"(Georgiadis's) leadership experience at Google and elsewhere, coupled with her proven ability to foster innovation and build partnerships on a global scale, makes her ideally suited to accelerate Mattel's growth in the coming years," Mattel's Independent Lead Director Michael Dolan said in a statement on Tuesday.

Sinclair was named CEO in April 2015, after holding the post on an interim basis since January 2015.

(Reporting by Sruthi Ramakrishnan in Bengaluru; Editing by Sriraj Kalluvila)