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« 140 acres of Jamestown farmland preserved for $9.3M | Today | Bradford Soap union approves contract » February 11, 2008Verrecchia stepping down as Hasbro CEOAlfred J. Verrecchia said this morning he will step down in May from his post as chief executive officer of Hasbro Inc., the Pawtucket-based toymaker. Verrecchia will become Hasbro's chairman and be succeeded by Brian Goldner, Hasbro's chief operating officer. Alan G. Hassenfeld, currently Hasbro's non-executive chairman, will remain on the company's board of directors, as head of its executive committee. Verrecchia, who turns 65 next week, has been with Hasbro for more than 40 years, one year less than G.I. Joe, the iconic action figure that became the company's first big hit. Verrecchia told The Journal his approach always has been that "as long as I'm having a lot of fun and things are going well [then] I'm going to keep going at it. [But] I think the time is right." Verrecchia became chief executive officer in 2003, when Hassenfeld, a member of the company's founding family, relinquished the role. Verrecchia assumed the day-to-day responsibilities of running the nation's number-two toymaker and helped guide it through a turnaround centered on reinvigorating its classic toys and games and adapt the company's lineup to the increasing influence of electronics. A highlight came last year as the company generated more than a $1 billion in revenue from a movie and new toys based on its Transformers line. Verrecchia announced the change during a quarterly video conference he holds with employees, he said. "The moving standing ovation that the employees gave him says it all," said Wayne S. Charness, Hasbro's senior vice president for corporate communications. "He is respected and admired for being the great leader that he is." Goldner, 43, was promoted to chief operating officer in 2006 as part of the succession plan that saw Hassenfeld become non-executive chairman. -- Paul Grimaldi Posted by Jack Perry Commentstony regine | February 12, 2008 6:16 AM link anyone who knows me, knows how very proud i am of my father! i admittedly brag A LOT! i have always believed that while fortune has played a huge role in the lives of our family, it is my dad's hard work and dedication to us and to Hasrbo that has afforded us a wonderful wonderful life. thank you dad, i realize more and more everyday that every accomplishment you have made, every goal that you have achieved, has always been with our family's future in mind. We all love you so much, and I wish you and mom the very very best in the years to come! Bravo!!!! melisa verrecchia | February 12, 2008 11:27 AM link Post a commentPlease be civil. Vicious comments, personal attacks and profanity won't be published. Name and email are required; email address will not publish. |
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ProJo 9 to 5 News Blog
Oct 2005 - March 2006
i remember al as a young boy when we played baseball at brookside field-even then as a youngster he was a gentlemen, throughout the years i have read about him and his great success at hasbro, he has been a great leader and ceo i wish him continued successand health he certainly deserves it