Investing.com -- Fresh off another quarter of sluggish same-store revenue growth, Gap Inc (NYSE:GPS) announced on Thursday that Hasbro Inc (NASDAQ:HAS) CEO Brian Goldner has been appointed to join its Board of Directors, effective August 12 in its latest attempt to reinvigorate flagging sales.
Goldner, 52, has served as the multinational toy giant's CEO and president for nine years dating back to May, 2008. Since joining Hasbro in 2000, Goldner has largely been responsible for driving the company's digital gaming strategy, as well as helping ease its transition into a variety of entertainment platforms. In April, 2009, Hasbro announced a joint venture with Discovery Communications (NASDAQ:DISCA), which led to the creation of "The Hub," a channel formerly known as Discovery Channel Kids. The network, which reached as many as 60 million U.S. households in its four-year existence, became the Discovery Family Channel following a redesign in October, 2014.
"Brian’s ability to drive transformative change is impressive, as his leadership has enabled Hasbro to emerge as one of the most profitable and forward-thinking companies in the toy and game industry," said Bob Fisher, chairman of the board, Gap Inc. "We look forward to leveraging Brian’s drive for innovation, as we accelerate our efforts to win in this next era of retail."
While at Hasbro, Goldner has served in numerous leadership positions including: chief operating officer and president of the company’s global toy segment. Previously, Goldner served in a similar capacity with Bandai America, a Tokyo-based toy company, where he held titles as the company's executive vice president and COO.
"I’m honored to join Gap Inc.’s board of directors as the company tackles rapid and exciting change in the retail industry,” Goldner said. "I look forward to working with Art Peck and the board to contribute to the company’s next phase of growth."
Also on Thursday, Gap announced a third quarter dividend of 0.23 payable on October 26 to shareholders of record at the close of business on October 5.
Shares in Gap ticked up 0.13 or 0.52% to 25.11 in after-hours trading.