Hasbro Appoints CEO Brian Goldner As Chairman

(RTTNews) - Toy maker Hasbro, Inc. (HAS) said Thursday that its Board of Directors has appointed current President and Chief Executive Officer, Brian Goldner, as Chairman of the Board.

The appointment is effective as of the Annual Shareholder Meeting on May 21, when current Chairman, Al Verrecchia, retires. After fifty years of service at Hasbro, Verrecchia is retiring from Hasbro's Board of Directors at the target retirement age of 72.

Due mainly to the attainment of retirement age, four additional Hasbro board members will retire and not stand for election at the May Annual Meeting of Shareholders. Those include Frank Biondi, Jr., John Connors, Jr., Michael Garrett and Jack Greenberg.

The company also said its Board named Basil Anderson to the newly created role of Lead Independent Director, effective May 21. The role of Lead Independent Director will replace the company's current role of Presiding Director effective as of the 2015 Annual Meeting and will have enhanced duties and responsibilities. Anderson has served on Hasbro's Board of Directors since 2002.