HoliDAY of Play 2015

Hasbro CEO Brian Goldner to Become Chairman

Hasbro logoHasbro President and CEO Brian Goldner will become chairman on May 21, the date of the toy maker’s annual shareholder meeting, according to Hasbro this past Thursday. Goldner has been Hasbro’s president and CEO since 2008.

Chairman Al Verrecchia will step down in accordance with the company’s target retirement age of 72. Four other Hasbro directors will also retire from the board because they are close to retirement age: Frank Biondi Jr., John Connors Jr., Michael Garrett, and Jack Greenberg.

Hasbro has stated that current director Basil Anderson will become its lead independent director. The company is scheduled to report its fourth-quarter results tomorrow.

TIA Announces 2011 TOTY Nominees, Toy Industry Hall of Fame Inductees

In a special press conference held at New York City’s Bryant Park, the Toy Industry Association (TIA) unveiled the 70 nominees for the 2011 Toy of the Year (TOTY) Awards and the inductees for the 2011 Toy Industry Hall of Fame. The TOTY finalists were selected from a record pool of 500-plus toys, games, and properties that were submitted for consideration.

TIA announced that through January 14, retailers, media, members of the toy industry, as well as families, can vote for their favorite toys and each ballot will be weighted to determine the 2011 TOTY winners. Winners will be announced during the TOTY Awards ceremony on Saturday, February 12. To see the 2011 nominees, visit www.ToyAwards.org.

Also announced by the Association were the 2011 inductees for the Toy Industry Hall of Fame: Al Verrecchia, chairman of the board of directors at Hasbro, and the late Donald Duncan, founder of Duncan Toy Company. Verrecchia and Duncan will be recognized for their contributions and service to the toy industry at the TOTY Awards.