Benzinga | Oct 11, 2021 05:58AM EDT

Hasbro CEO Takes Medical Leave Of Absence To Focus On Health

* Play and entertainment company Hasbro Inc (NASDAQ:HAS) stated Brian D. Goldner is taking a medical leave of absence from his role as CEO, effective immediately.

* The decision follows Chairman & CEO Goldner's disclosure in August 2020 about the need for continued medical care following treatment for cancer in 2014.

* Rich Stoddart, the lead independent director of Hasbro's board of directors, has been appointed interim CEO, effective immediately.

* In conjunction with appointing Stoddart as interim CEO, Hasbro's Board has re-appointed Edward M. Philip as Lead Independent Director and Tracy A. Leinbach as Chair of the Nominating, Governance and Social Responsibility Committee.

* Price Action: HAS shares closed higher by 0.77% at $90.00 on Friday.