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WIZARDS OF THE COAST PRESIDENT RESIGNS

WIZARDS OF THE COAST PRESIDENT RESIGNS

WIZARDS OF THE COAST PRESIDENT RESIGNS

Wizards of the Coast and Digital Gaming President Cynthia Williams has informed parent company Hasbro of her intention to resign from her position before the end of the month, the company said in an SEC filing.  She informed Hasbro of her plans on April 15, and the resignation will be effective on April 26, an 11-day notice. The SEC filing came on April 17, a copy of the filing is list below.

Item 5.02Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On April 15, 2024, Cynthia Williams, President of Wizards of the Coast and Hasbro Gaming, informed the Company of her resignation from the Company effective April 26, 2024. The Company is conducting a process to identify her successor, looking at both internal and external candidates.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

   
HASBRO, INC.
   
 
 
 By:/s/ Gina Goetter    
 Name:Gina Goetter
 Title:Executive Vice President and Chief Financial Officer
Date: April 17, 2024 

Williams has been in her position a little over two years; she took over on February 25, 2022, as previous WotC President Chis Cocks ascended to the Hasbro CEO role. She came to Wizards of the Coast from Microsoft, where she had been General Manager & Vice President of the Gaming Ecosystem Commercial Team. 

Her tenure was marked by record sales and controversy. Mostly marked with the handling of revisions to WotC’s Open Gaming License for Dungeons & Dragons that resulted in a revolt by fans. Also the release of Magic the Gathering with the expansion release for $999.00 with no cards allowed for competitive play. In 2024, Wizards of the Coast faces tough comparisons to 2023, and ongoing concerns about Magic: The Gathering over-production and SKU proliferation.

Hasbro is undertaking a search for a successor, with both internal and external candidates, the company says in the filing which can be found here and is quoted above.


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