Hasbro (HAS) Announces Kenneth A. Bronfin and Edward M. Philip to Retire from Board
Hasbro, Inc. (NASDAQ: HAS), a global play and entertainment company, today announced that Kenneth A. Bronfin and Edward M. Philip will retire from the Board at the Company’s Annual Meeting of Shareholders in 2023. Mr. Bronfin and Mr. Philip, the two longest tenured members of the Board, have served since 2008 and 2002, respectively.
“On behalf of the entire Board of Directors and Hasbro team, I want to sincerely thank Ted and Ken for their years of service to Hasbro and for their unwavering commitment to our shareholders,” said Rich Stoddart, Chair of Hasbro’s Board of Directors. “Each of them made tremendous, lasting contributions to the success and growth of the Company, and their strategic counsel has been – and continues to be – invaluable over their tenures.”
Chris Cocks, Hasbro’s CEO, added: “We are especially grateful to Ted and Ken for continuing to ensure a smooth transition for me and our other new Board members, Elizabeth Hamren and Blake Jorgensen, who joined in April 2022. Our highly qualified, experienced and diverse Board is committed to supporting the Company’s evolving and future needs and creating long-term value for our shareholders.”
After the 2023 Annual Meeting, it is expected that Hasbro’s Board will consist of 11 members, 10 of whom are independent.