Hasbro Inc.’s board of directors extended the employment agreement of Hasbro’s chairman and CEO Brian Goldner for two additional years through December 31. In addition, John Frascotti’s duties were expanded to add chief operating officer (COO) to his current role as company president, and Frascotti was also appointed to Hasbro’s board of directors. Hasbro entered an employment agreement with Frascotti reflecting these new roles.

Goldner joined Hasbro in 2000. He was appointed CEO in 2008, and chairman of the board in 2015. He held several prior leadership positions at Hasbro, including COO from 2006 to 2008. Goldner serves on the board of directors for Gap Inc., and is a member of the Producers Guild of America.

Frascotti was named president of Hasbro last year. He joined the company in 2008 as chief marketing officer, and in 2014 he became president of Hasbro Brands. Frascotti is a member of the board of directors of Corus Entertainment and Serious Fun Children’s Network.