Rich Stoddart, most recently the lead independent director of Hasbro’s board of directors, has been appointed interim CEO, effective immediately. Mr. Stoddart brings extensive leadership experience and expertise in global brand-building, advertising and marketing and supply chain management through his CEO roles at InnerWorkings, a global marketing execution company and Leo Burnett Worldwide. He has served on Hasbro’s board of directors since 2014. Together with Hasbro’s executive leadership, he will continue to execute the company’s Brand Blueprint strategy.
“After careful consideration, I have decided to take a medical leave to focus on my health,” says
“It has been a privilege to serve Hasbro for the past seven years as a board member,” says Stoddart. “I am humbled to step in as interim CEO and lead the company as it continues to execute the Brand Blueprint strategy, while Brian takes time to focus on his health. Hasbro has the most creative teams across the consumer products, digital gaming and entertainment businesses and there’s no limit to what we can accomplish together.”
In conjunction with appointing 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.
“Brian has been an inspiring and visionary leader who has set Hasbro on an incredible path towards the future,” says Philip. “All of us at Hasbro are thinking of him while he focuses on his health. We thank Rich for stepping in as interim CEO. He will be a great asset to the company in this role given his in-depth knowledge of the business, close working relationship with the management team and his love for Hasbro’s people and culture.”
Read more about:
Subscribe and receive the latest news from the industry.
Join 62,000+ members. Yes, it’s completely free.