Alan G. Hassenfeld, Visionary Former Hasbro CEO and Philanthropist, Dies at 76

Alan G. Hassenfeld, former CEO of Hasbro and a key figure in the global toy industry, has passed away at the age of 76. As the last family member to serve on Hasbro’s board, Hassenfeld was instrumental in shaping the company’s international presence and expanding its iconic brands, including G.I. Joe and Play-Doh. He joined the family business in 1970, rising through the ranks to become CEO in 1989 after the death of his brother Stephen. Under his leadership, Hasbro solidified its position as the world’s second-largest toy company.

Beyond his business achievements, Hassenfeld was renowned for his philanthropic work. He championed causes such as childhood hunger, refugee support, and children’s health, notably founding the Hasbro Children’s Hospital in Providence and supporting the Hassenfeld Child Health Innovation Institute at Brown University. As chairman of the Hassenfeld Family Initiatives, he advocated for global child safety, women’s empowerment, and economic development in Rhode Island.

Hasbro CEO Chris Cocks described Hassenfeld as “the guiding force behind Hasbro—compassionate, imaginative, and dedicated to bringing a smile to every child.” His legacy as a business leader and humanitarian will continue to inspire the toy industry and beyond.

Source:KOB.com