OVERVIEW
Rich Stoddart is the former interim CEO and current Chair of Hasbro Inc (NASDAQ: HAS). He brings extensive experience in the advertising, marketing and communications industries, including in television, digital, social media, point-of-sale, packaging and print, and in building global brands, teams, and businesses. He has a strong track record of running P&Ls, brand-building, integrated marketing, business transformation, strategic planning, mergers & acquisitions, and marketing supply chain management.
CAREER HISTORY
Stoddart is currently Chair of the Board of Hasbro, where he previously served as its interim CEO. Formerly, he served on the boards of Selina (NASDAQ: SLNA), Carbon Media Group (sold to Vertical Scope), and non-profit boards Marwen, the American Advertising Federation (Chairman 2014-15), and Chicago Ideas Week. The American Advertising Federation awarded Stoddart the Multi-Cultural Career Achiever Award in 2013.
Stoddart’s most recent operating experience was as President and CEO of InnerWorkings (NASDAQ: INWK), where he served as the company’s first-ever outside CEO hire. In this role, he managed a $1B+ global P&L and drove a significant turnaround resulting in EBITDA growth of more than 2x. He was widely recognized for his strategic and commercial leadership of the company, investor and analyst communications, and financial stewardship as well as his expertise in all facets of marketing execution and marketing supply chain management. InnerWorkings was sold to a competitor backed by Blackstone in 2020.
As CEO and Global President of Leo Burnett Worldwide, one of the world’s largest advertising agencies, Stoddart was recognized for his leadership in the development and integration of shopper, digital, social, and mobile capabilities as part of the company’s overall marketing and brand strategy. He managed global operations with full P&L (~$1B) and M&A responsibility and oversaw ~8,000 employees and 92 offices in 85 countries. He previously served as the agency’s CEO of North America and President of North America.
Earlier in his career, Stoddart led Marketing Communications for the US Ford Division for Ford Motor Company, the company’s largest and most profitable division. During his time there, Stoddart managed a $750M+ communications budget and a department of 20. Prior to Ford, he worked in account management for advertising agencies Fallon and Leo Burnett Company in various leadership roles.
PERSONAL
Stoddart holds a bachelor’s degree in American Government from Dartmouth College. He is an active member of his community and serves as a board member for the Off The Street Club, a nonprofit community youth center providing programs and support for inner-city youth in the West Garfield Park neighborhood of Chicago. Stoddart enjoys hiking, downhill skiing, and cooking and is actively trying to figure out the game of golf. He and his wife Lee Anne reside in Winnetka, Illinois and have two adult daughters and two young grandchildren.