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Hasbro Appoints Laurel J. Richie to Board of Directors

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Rhea-AI Summary

Hasbro, Inc. (NASDAQ: HAS) has appointed Laurel J. Richie as an independent director to its Board of Directors. Richie, the former President of the WNBA, is recognized for her leadership in marketing and brand management, along with a commitment to diversity and inclusion. Hasbro CEO Brian Goldner praised her skills, highlighting her as a valuable addition to the board. Richie has held notable roles in various organizations and has been recognized as one of the most influential women in business. Hasbro continues to focus on creating quality play and entertainment experiences globally.

Positive
  • Laurel J. Richie brings strong marketing and brand management experience to the Board.
  • Richie's emphasis on diversity and inclusion aligns with Hasbro's corporate values.
  • The addition of Richie may enhance Hasbro's strategic direction and innovation.
Negative
  • None.

PAWTUCKET, R.I.--()--Hasbro, Inc. (NASDAQ: HAS), a global play and entertainment company, today announced the appointment of Laurel J. Richie as an independent director to its Board of Directors. Ms. Richie is the former President of the Women’s National Basketball Association LLC (“WNBA”).

“Laurel is a highly accomplished executive whose extraordinary marketing and brand-management skills, combined with her deep passion for diversity and inclusion, make her a tremendous addition to Hasbro’s Board of Directors,” said Hasbro Chairman and Chief Executive Officer Brian Goldner. “We welcome her to our existing talented Board.”

Ms. Richie served as President of the WNBA, from May 2011 to November 2015. Prior to that, she served as Chief Marketing Officer of Girl Scouts of the United States of America from 2008 to 2011. Previously, she held various positions at Ogilvy & Mather, including Senior Partner and Executive Group Director and founding member of the agency’s Diversity Advisory Board.

“Laurel has been a trailblazer throughout her esteemed career and her proven leadership and sense of purpose will be a valuable asset to Hasbro’s Board,” said Ted Philip, Hasbro’s Lead Independent Director.

Ms. Richie was named one of the 25 Most Influential Women in Business by The Network Journal, awarded Ebony magazine’s Outstanding Women in Marketing and Communications Award, and named to Ebony’s Power 100 List. She has also been recognized by Black Enterprise magazine as one of the Most Influential African Americans in Sports and by Savoy magazine as one of the Most Influential Black Corporate Directors. Ms. Richie is a former Trustee of the Naismith Basketball Hall of Fame and currently serves as independent director of Synchrony Financial (NYSE: SYF) and Bright Horizons Family Solutions Inc. (NYSE: BFAM), chair of the Board of Trustees at Dartmouth College, and a leadership consultant to Fortune 500 C-suite executives through Merryck & Co.

About Hasbro

Hasbro (NASDAQ: HAS) is a global play and entertainment company committed to Creating the World's Best Play and Entertainment Experiences. From toys, games and consumer products to television, movies, digital gaming, live action, music, and virtual reality experiences, Hasbro connects to global audiences by bringing to life great innovations, stories and brands across established and inventive platforms. Hasbro’s iconic brands include NERF, MAGIC: THE GATHERING, MY LITTLE PONY, TRANSFORMERS, PLAY-DOH, MONOPOLY, BABY ALIVE, POWER RANGERS, PEPPA PIG and PJ MASKS, as well as premier partner brands. Through its global entertainment studio, eOne, Hasbro is building its brands globally through great storytelling and content on all screens. Hasbro is committed to making the world a better place for all children and all families through corporate social responsibility and philanthropy. Hasbro ranked among the 2020 100 Best Corporate Citizens by 3BL Media, has been named one of the World’s Most Ethical Companies® by Ethisphere Institute for the past nine years, and one of America’s Most JUST Companies by Forbes and JUST Capital for the past four years. We routinely share important business and brand updates on our Investor Relations website, Newsroom and social channels (@Hasbro on Twitter and Instagram, and @HasbroOfficial on Facebook.)

© 2020 Hasbro, Inc. All Rights Reserved.

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Contacts

Press: Julie Duffy | Hasbro, Inc. | (401) 727-5931 | julie.duffy@hasbro.com

Investor: Debbie Hancock | Hasbro, Inc. | (401) 727-5401 | debbie.hancock@hasbro.com

FAQ

Who is Laurel J. Richie and what is her role at Hasbro?

Laurel J. Richie is the newly appointed independent director at Hasbro, bringing extensive experience from her time as President of the WNBA.

What are Laurel J. Richie's qualifications for the Hasbro board?

Richie has a strong background in marketing, brand management, and diversity initiatives and has held leadership positions at various organizations.

How might Laurel J. Richie's appointment impact Hasbro (HAS)?

Richie's appointment could enhance Hasbro's strategic initiatives, particularly in marketing and inclusivity, potentially leading to positive business outcomes.

When was Laurel J. Richie appointed to Hasbro's Board?

Laurel J. Richie was appointed to Hasbro's Board of Directors in November 2020.

Hasbro, Inc.

NASDAQ:HAS

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Games, Toys & Children's Vehicles (no Dolls & Bicycles)
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