Mary Beth West
HASBROAbout Mary Beth West
Independent director of Hasbro, Inc. since 2016; age 62. Former senior consumer brands executive (Kraft, Mondelez, J.C. Penney, Hershey) and currently a senior advisor to McKinsey & Co. for the past four years, with deep expertise in marketing, brand building, and P&L leadership up to $3B revenue . Education not disclosed in the proxy .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| McKinsey & Co. | Senior Advisor | Past four years (c. 2021–2025) | Advises on growth and operations |
| The Hershey Company | SVP, Chief Growth Officer | May 2017–Jan 2020 | Growth strategy leadership |
| J.C. Penney Company | EVP, Chief Customer & Marketing Officer | 2015–Mar 2017 | Customer/marketing transformation |
| Mondelez International, Inc. | EVP, Chief Category & Marketing Officer | 2012–2014 | Global category and marketing |
| Kraft Foods, Inc. | Various roles culminating as Chief Marketing Officer | 1986–2012 | Global brand building; P&L up to $3B |
External Roles
| Company | Role/Committee Positions |
|---|---|
| Albertsons Companies | Compensation Committee; Finance Committee Chair; Governance, Compliance and ESG Committee |
| Lowe’s Companies, Inc. | Compensation Committee; Sustainability Committee Chair |
Board Governance
| Item | Detail |
|---|---|
| Independence | Independent director under Nasdaq and Hasbro standards |
| Hasbro Committees (2024 year-end) | Finance and Capital Allocation (Member); Nominating, Governance and Social Responsibility (Chair) |
| Committee Meetings in 2024 | Finance: 5; Nominating/Governance: 6 |
| Board Meetings in 2024 | Board met 11 times; all directors attended at least 75% of Board and relevant committee meetings |
| Annual Meeting Attendance | All directors attended the 2024 Annual Meeting of Shareholders |
| Leadership Structure | Separate Chair and CEO roles; robust independence and governance framework |
Fixed Compensation (Director Pay – FY2024)
| Component | Amount (USD) |
|---|---|
| Fees Earned or Paid in Cash | $127,522 |
| Stock Awards (grant-date fair value) | $175,000 |
| Options | $0 (none granted to non-employee directors in 2024) |
| Total | $302,522 |
Director retainer schedule relevant to West’s roles (structure):
- Annual base Board retainer: $95,000
- Chair of Nominating, Governance & Social Responsibility: $20,000
- Finance & Capital Allocation Committee member (non-chair): $12,500
- Meeting fees: none
Performance Compensation (Director)
Directors do not receive performance-based cash bonuses; equity grants are time-vested and immediately vested for annual director grants with optional deferral; no stock options in 2024 . No performance metrics apply to director compensation .
Other Directorships & Interlocks
- Current public boards: Albertsons Companies; Lowe’s Companies, Inc. (committee leadership at both) .
- Outside board service policy: ≤4 public boards (including Hasbro); she is within limits (Hasbro + 2 others) .
- Potential interlocks/conflicts: No related-party transactions disclosed for directors/committees; all non-employee directors independent; compensation committee reported no Item 404 transactions in 2024 (West chairs Nominating, not Compensation) .
Expertise & Qualifications
- Extensive experience in marketing, brand building, global franchises, consumer insights, retail and sales experiences; strategic and operational planning; managing global teams; P&L leadership up to $3B .
- Growth strategy development through insights, analytics, innovation, and R&D .
Equity Ownership
| Metric | Value |
|---|---|
| Beneficial ownership (shares) | 18,491 (less than 1%) |
| Deferred outstanding stock awards | 13,631 shares deferred until retirement from the Board |
| Outstanding stock units (Deferred Plan) | 0 |
| Shares outstanding (context) | 139,893,195 (as of Mar 12, 2025) |
| Hedging/Pledging | Prohibited by policy |
| Director stock ownership guideline | Must hold ≥$475,000 of Common Stock before selling any shares; annual grant was $175,000 in 2024 |
Governance Assessment
- Strengths: Independent director and Chair of Nominating/Governance; deep consumer brand and growth expertise aligned to Hasbro’s “Playing to Win” strategy; strong attendance and engagement expectations; anti-hedging/pledging and clawback framework; director ownership guidelines enhance alignment .
- Shareholder signals: Say‑on‑Pay support robust—87.6% (2024), 91.4% (2023), 88.0% (2022), indicating compensation program credibility and board oversight acceptance .
- Compensation mix: Balanced cash retainer plus equity; no options; ability to defer equity to retirement; 2024 total $302,522 with $175,000 equity grant supports ownership alignment .
- Conflicts/related-party exposure: None disclosed; all non-employee directors independent; compensation committee interlocks report indicates no Item 404 transactions (West chairs Nominating) .
- RED FLAGS: None identified from proxy disclosures. Monitor potential time-commitment across boards (within Hasbro’s limits) and any evolving customer/supplier relationships at Albertsons/Lowe’s; no related-party transactions disclosed in 2024 .