Darren Throop will step down as president and CEO of Entertainment One (eOne) at the end of 2022.

Parentco Hasbro announced Throop’s departure in a release on Tuesday (Aug. 16), stating that his contract with the company expires at the end of the year. The “transition details” will be announced prior to his departure, according to Hasbro.

Throop’s exit will take place three years after Hasbro completed its acquisition of eOne at the end of 2019, which was valued at $4.93 billion (US$3.8 billion).

The president and CEO has been at the helm of the Toronto company for more than 20 years, seeing it through several iterations, beginning with music chain ROW Entertainment before expanding to audiovisual content via a series of acquisitions.

“I have tremendous confidence in Hasbro and eOne leadership to continue to build on eOne’s track record of bringing outstanding entertainment to audiences,” said Throop in a statement, adding that he is “incredibly proud of the team, and what we built together.”

Hasbro CEO Chris Cocks added that eOne “continues to be a cornerstone of our strategy,” thanking Throop for his “steadfast leadership.”

The company has slowly transformed following the Hasbro acquisition. It sold eOne Music to U.S. investment firm Blackstone in 2021, and exited the theatrical distribution business in Canada and Spain earlier this year.