Hasbro Welcomes New CEO

Hasbro (Nasdaq: HAS) appointed Chris Cocks as chief executive officer late Wednesday. Details: Cocks, who serves as president and chief operating officer of Hasbro’s Wizards of the Coast and Digital Gaming division, will succeed Interim CEO Rich Stoddart on February 25. Stoddart was appointed after longtime CEO Brian Goldner passed away in October. Quote: “In Chris, we have chosen a leader uniquely positioned to execute and evolve Hasbro’s Brand Blueprint strategy while continuing to generate growth and deliver strong shareholder returns.” - Tracy Leinbach, current Chair of the Board. Background: Despite supply chain challenges, shares of Hasbro are up 9% in the past year. Final Thoughts: Last month, Hasbro declared that it is offering a dividend of 68 cents per share. Hope you enjoyed this commentary. Please subscribe to Early Bird, a free daily newsletter that helps you identify investment trends: https://earlybird.email/

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Hasbro Welcomes New CEO

bullish

Hasbro (Nasdaq: HAS) appointed Chris Cocks as chief executive officer late Wednesday.

Details: Cocks, who serves as president and chief operating officer of Hasbro's Wizards of the Coast and Digital Gaming division, will succeed Interim CEO Rich Stoddart on February 25. Stoddart was appointed after longtime CEO Brian Goldner passed away in October.

Quote: “In Chris, we have chosen a leader uniquely positioned to execute and evolve Hasbro's Brand Blueprint strategy while continuing to generate growth and deliver strong shareholder returns.” - Tracy Leinbach, current Chair of the Board.

Background: Despite supply chain challenges, shares of Hasbro are up 9% in the past year.

Final Thoughts: Last month, Hasbro declared that it is offering a dividend of 68 cents per share.

Hope you enjoyed this commentary. Please subscribe to Early Bird, a free daily newsletter that helps you identify investment trends: https://earlybird.email/

read-time
1 min
108.35
Target Price
2/ 10
Confidence
2-6 Months
Timeframe
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