Hasbro CEO Brian Goldner
Adam Jeffrey | NBC Finance Channel
Toy maker Hasbro announced on Tuesday that its longtime CEO Brian Goldner had passed away after two days of sick leave.
Goldner, 58, has been CEO since 2008. He joined the company in 2000 and became chairman of Hasbro’s board of directors in 2015. Goldner also serves on the board of directors of ViacomCBS.
Rich Stoddart, who recently served as the lead independent director of Hasbro’s board of directors, was appointed as interim CEO while Goldner was on sick leave.
“Since joining the company more than two decades ago, Brian has been the core and soul of Hasbro,” Stoddart said in a statement. “As a charismatic and enthusiastic leader in the gaming and entertainment industry, Brian’s work brings joy and laughter to children and families around the world.”
In August last year, Goldner revealed that he has been receiving continuous treatment for cancer since 2014.
During Hasbro, he successfully expanded his business from toys and games to TV, movies and digital games. Goldner’s tenure marked a focus on leveraging the company’s brand in the entertainment sector.
“Under the guidance of Mr. Goldner, Hasbro has grown from a manufacturing company to a manager with a strong product portfolio of more than 1,700 brands,” Jefferies analyst Stephanie Wissink (Stephanie Wissink) ) Wrote in a research report published on Sunday.
He served as an executive producer in 2007’s “Transformers”, a film believed to expand Hasbro into a role-based multimedia company. He went on to produce more than a dozen films and TV works, including three GI Joe films and a feature film of “My Little Pony”.
Most recently, in 2019, he pioneered Hasbro’s $3.8 billion acquisition of Entertainment One, a Toronto studio known for “Peppa Pig” and “PJ Mask”.
“In a period of extreme turbulence in the toy industry, Mr. Goldner persevered and inspired the global team to move towards higher growth, higher profit margins and stronger returns on capital,” Wissink wrote.
Since taking office in May 2008, Godner has helped Hasbro’s share price rise from $34.43 to $88.05 per share, an increase of more than 155%.
Goldner and his wife Barbara are also active in the local Rhode Island community where Hasbro is located.After the death of their son Brandon Due to overdose, the two sought legislation and community-based solutions to solve the growing opioid crisis. In addition to his wife, Goldner has a daughter.
Read the full press release of Hasbro here.
Watch: Hasbro CEO Brian Goldner (Brian Goldner) makes an appearance on CNBC on July 26, 2021