Hasbro 2007 Annual Report Download - page 4

Download and view the complete annual report

Please find page 4 of the 2007 Hasbro annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 100

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100

Global Growth
International growth continues to be an important part of our strategy, with a dedicated focus on emerging markets. We have
been increasing our investment in these markets by continuing to add marketing and sales support in countries like Brazil,
Russia, India and China, as well as in Latin and South America and Eastern Europe --- all regions that we believe represent
great long-term opportunities for Hasbro to grow. Last year we opened an offi ce in Brazil and are in the process of opening
offi ces in Russia and China, as we seek to drive our brands on a global basis.
Environmental Sustainability
Hasbro is committed to the preservation of the environment for the benefi t of families today and future generations. We have a
longstanding commitment to sustainability. Producing products and packaging consistent with our environmental responsibility
is a major priority. Our stewardship includes careful conservation of the natural resources we use in all the areas of the
company. We continue looking for ways to reduce waste, promote recycling, and increase effi ciency of our energy and water
use. Our goal is to take an active role in using both natural and recycled resources in an environmentally sound manner.
Outlook for 2008 and Beyond
As we look to the future, we are confi dent that we can continue to drive the results you expect. Since 2001, we’ve grown
and strengthened our company, our leadership team, and are well positioned to continue to succeed. We have a world-class
portfolio of brands, and we are continuing to exercise the strong fi nancial discipline that has served us so well.
In addition to strong brands and solid fi nancial performance, great leadership is vital to Hasbro’s future success. Therefore,
we couldn’t be more pleased that Brian Goldner, Chief Operating Offi cer, will be assuming the role of Chief Executive Offi cer
on May 22, 2008. Brian has worked side-by-side with us for the past eight years and has proven himself to be an
extraordinary leader. With his entrepreneurial spirit, creative stewardship and strong leadership, Brian has the right
attributes to take Hasbro to the next level.
Going forward, we will continue to be actively involved in Hasbro, with Al assuming the role of Hasbro’s Chairman of the Board,
and Alan remaining on the Board of Directors and continuing to Chair the Board’s Executive Committee.
We would also like to welcome Kenneth Bronfi n, President of Hearst Interactive Media, to our Board of Directors. With 22 years
of experience in the media and entertainment industry, Ken is one of the key forces behind Hearst Corporation’s transformation
from a traditional media company to an interactive media leader. His experience will be a great asset as we provide more
immersive ways for consumers to enjoy our brands.
Looking to 2008 and beyond, you can be sure that we’re committed to creating value for all of our stakeholders. We plan
to achieve this by continuing to drive innovation in all aspects of our business, leveraging our incredible world-class brand
portfolio, managing our business effi ciently, and operating under the highest legal and ethical ideals. In closing, I would
like to invite you to stay informed of all the latest happenings within your company by visiting Hasbro’s website at
www.hasbro.com. There you will fi nd the latest information on earnings, new products, corporate social responsibility,
as well as other important updates.
We thank you for your continued support, and we look forward to another successful year in 2008!
Alfred J. Verrecchia
President and Chief Executive Offi cer
Alan G. Hassenfeld
Chairman of the Board