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Hasbro Chairman & CEO Brian D. Goldner to Take Medical Leave to Focus on Health

Hasbro, Inc. (NASDAQ: HAS), a world branded play and leisure firm, at present introduced that Brian D. Goldner is taking a medical depart of absence from his function as CEO, efficient instantly. Today’s announcement follows Mr. Goldner’s disclosure in August 2020 that he was present process continued medical care following remedy for most cancers in 2014.

Rich Stoddart, most not too long ago the Lead Independent Director of Hasbro’s Board of Directors, has been appointed as Interim CEO, efficient instantly. Mr. Stoddart brings intensive management expertise and experience in world brand-building, promoting and advertising, and provide chain administration by his CEO roles at InnerWorkings, Inc., the most important world advertising execution firm, and Leo Burnett Worldwide. He has served on Hasbro’s Board of Directors since 2014. Together with Hasbro’s seasoned govt management, he’ll proceed to execute the Company’s Brand Blueprint technique.

Mr. Goldner stated: “After cautious consideration, I’ve determined to take a medical depart to deal with my well being. I really feel assured understanding the Company can be within the expert fingers of Rich Stoddart as Interim CEO, our extremely skilled administration crew and the most effective workers within the enterprise. Hasbro’s future couldn’t be brighter as we proceed to Supercharge the Blueprint and construct the world’s main play and leisure firm.”

Mr. Stoddart stated: “It has been a privilege to serve Hasbro for the previous seven years as a Board member. I’m humbled to step in as Interim CEO and lead the Company because it continues to execute the Brand Blueprint technique, whereas Brian takes time to deal with his well being. Hasbro has essentially the most inventive groups throughout the buyer merchandise, digital gaming and leisure companies, and there’s no restrict to what we are able to accomplish collectively.”

In conjunction with appointing Mr. Stoddart as Interim CEO, Hasbro’s Board of Directors has re-appointed Edward M. Philip as Lead Independent Director, and Tracy A. Leinbach as Chair of the Nominating, Governance and Social Responsibility Committee of the Board.

Mr. Philip added: “Brian has been an inspiring and visionary chief who has set Hasbro on an unbelievable path in the direction of the longer term. All of us at Hasbro are considering of him whereas he focuses on his well being. We thank Rich for stepping in as Interim CEO. He can be a terrific asset to the Company on this function given his in-depth data of the enterprise, shut working relationship with the administration crew, and his love for Hasbro’s individuals and tradition.”

Additional Information About Rich Stoddart

Rich Stoddart is the previous President and Chief Executive Officer of world advertising execution agency InnerWorkings, Inc., serving in that function from 2017 till 2020 when Innerworkings, Inc. was acquired. Prior to that, Mr. Stoddart was the Chief Executive Officer of Leo Burnett Worldwide from February 2016 to 2017, the Chief Executive Officer of Leo Burnett North America from 2013 to 2016 and the President of Leo Burnett North America from 2005 to 2013.

About Hasbro

Hasbro (NASDAQ: HAS) is a world play and leisure firm dedicated to Creating the World’s Best Play and Entertainment Experiences. From toys, video games and shopper merchandise to tv, motion pictures, digital gaming, stay motion, music, and digital actuality experiences, Hasbro connects to world audiences by bringing to life nice improvements, tales and types throughout established and ingenious platforms. Hasbro’s iconic manufacturers embrace NERF, MAGIC: THE GATHERING, MY LITTLE PONY, TRANSFORMERS, PLAY-DOH, MONOPOLY, BABY ALIVE, POWER RANGERS, PEPPA PIG and PJ MASKS, in addition to premier companion manufacturers. Through its world leisure studio, eOne, Hasbro is constructing its manufacturers globally by nice storytelling and content material on all screens. Hasbro is dedicated to creating the world a greater place for all kids and all households by company social duty and philanthropy. Hasbro ranked among the many 2020 100 Best Corporate Citizens by 3BL Media, has been named one of many World’s Most Ethical Companies® by Ethisphere Institute for the previous 9 years, and one in every of America’s Most JUST Companies by Forbes and JUST Capital for the previous 4 years. We routinely share vital enterprise and model updates on our Investor Relations web site, Newsroom and social channels (@Hasbro on Twitter and Instagram, and @HasbroOfficial on Facebook.)

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Hasbro Forward-Looking Statements

Certain statements on this press launch comprise “forward-looking statements” inside the that means of the Private Securities Litigation Reform Act of 1995. These forward-looking statements could also be accompanied by such phrases as “anticipate,” “consider,” “might,” “estimate,” “anticipate,” “forecast,” “intend,” “might,” “plan,” “potential,” “mission,” “goal,” “will” and different phrases and phrases of comparable that means. Among different issues, these forward-looking statements embrace statements associated to anticipated management adjustments, the construction of Hasbro’s administration operations and comparable statements regarding anticipated future occasions and expectations that aren’t historic information. Hasbro’s precise actions or outcomes might differ materially from these anticipated or anticipated within the forward-looking statements attributable to each recognized and unknown dangers and uncertainties. Specific components that may trigger such a distinction embrace these dangers detailed on occasion in Hasbro’s filings with the U.S. Securities and Exchange Commission. The statements contained herein are primarily based on Hasbro’s present beliefs and expectations and converse solely as of the date of this press launch. Except as could also be required by regulation, Hasbro doesn’t undertake any obligation to make any revisions to the forward-looking statements contained on this press launch or to replace them to replicate occasions or circumstances occurring after the date of this press launch. You mustn’t place undue reliance on forward-looking statements.

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