Hasbro CEO Brian Goldner is taking immediate medical leave, the company said Sunday.
Goldner, 58, has been battling prostate cancer since 2014, which she revealed last year.
In a letter to shareholders at the time, he said: “Maybe I’ll lose my hair temporarily for a few months and I want you to see me so you won’t be surprised when you see me.”
Rich Stoddart, a member of the board of directors of toy manufacturers in Rhode Island who took the reins of Pawtucket, served on the board for seven years.
Stoddart is a former president and CEO of marketing firm InnnerWorkings.
“After careful consideration, I decided to take a medical leave to focus on my health,” Goldner said in a statement. “I am confident that the company will be in the skilled hands of interim CEO Rich Stoddart, our experienced management team and the best employees in the business.”
One of the company’s biggest challenges right now is dealing with supply chain disruptions that could limit the number of toys on sale due to a lack of cargo at truck drivers and cargo ports.
Shares of Hasbro rose more than 1 percent to $ 89 on Monday.