Hasbro CEO Brian Goldner Takes Medical Leave, Effective Immediately

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Executive was treated for prostate cancer in 2014

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“After careful consideration, I have made the decision to take medical leave to focus on my health,” said Mr. Goldner.

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The holiday is effective immediately, Hasbro said on Sunday.

Rich Stoddart, formerly an independent director on Hasbro’s board, will take over as interim CEO.

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Mr. Goldner joined Hasbro in 2000 and became CEO in May 2008. He led the $4 billion acquisition of Entertainment One Ltd in 2019, made a big bet on entertainment aimed at young children, and signed deals to strengthen Hasbro’s hold on Star Wars, Marvel and Disney characters. Since he took the top position, the company’s share price has risen more than 150%.

In July, the Pawtucket, RI-based company reported a 54% increase in second-quarter revenue thanks to growth in its Wizards of the Coast and digital-gaming segments. Like many companies, it is working to manage the pandemic-induced rise in freight and input costs, as well as shipping bottlenecks.

The company will report third quarter earnings on October 26.

Hasbro said its board of directors has re-appointed Edward Philippe as principal independent director and Tracy Leinbach to chair the board’s nomination, governance and social responsibility committee.

PR Venkat at [email protected]

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