NEWS

Hasbro president & COO John Frascotti announces March retirement

Published on: 12th October 2020

John will continue in the role of special advisor to CEO Brian Goldner for one year starting 31st March 2021. 

John Frascotti

Hasbro has announced that John Frascotti will retire from his current position as president and chief operating officer when his contract ends on 31st March 2021. The company has also reported that at the culmination of his existing contract, he will remain employed for one year in the role of special advisor to CEO Brian Goldner until 1st April 2022.

"John's strategic vision and consumer-centric approach to our brands and our business, combined with his authentic leadership style, has played a pivotal role in our evolution from a traditional toy and game company to a global play and entertainment leader," said Brian. "John has been a critical member of our senior management team for the past 13 years and leaves big shoes to fill, but I am extremely confident in the leadership of our company and the strength of our teams to lead Hasbro into the future."

John joined Hasbro in 2008 as chief marketing officer, became president of Hasbro Brands in 2014, and became president of Hasbro in 2017. In 2018, he was also named chief operating officer, and was added to Hasbro’s Board of Directors. During his tenure, he has played a critical role in the re-imagination and re-invention of Hasbro's world-class portfolio of brands. His experience in brand building, brand marketing, digital marketing, entertainment, licensing and operations has contributed to expanding the reach of these brands globally.

“I’d like to express my sincere gratitude to the phenomenal Hasbro team, our Chairman and Board of Directors, and my deep appreciation for having the opportunity to work with such passionate, creative and dedicated people,” said John. “I have the utmost confidence in the incredibly talented team leading Hasbro’s next chapter and look forward to continuing to provide guidance and counsel for the remainder of my tenure.”

John will serve out the remainder of his current one-year term as a member of the Hasbro Board of Directors, but will not stand for election at the May 2021 Annual Meeting.

RECENT ARTICLES

NPD Group announces winners of 2020 Global and European Toy Industry Performance Awards

Lego Vidiyo lets kids create AR music videos

Licensing industry saddened by sudden passing of Kelvyn Gardner

Dutch warehouses benefit as UK firms look to establish logistics base in EU

Rex London launches new trade catalogue for spring 2021

Moose to launch Octonauts line in partnership with Silvergate Media

Funko Europe’s virtual showroom is open for business

Boohoo acquires Debenhams’ online business for £55m

Chengzhen International’s die-cast cars move into the fast lane for 2021

Ravensburger welcomes Adam Sheppard