Hassenfeld steps down

Hasbro chairman Alan Hassenfeld is retiring after 35 years with the firm.
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Hassenfeld will retire on January 1st but will stay on as an unpaid chairman of the board of directors.

His grandfather, Henry, founded the company as Hassenfeld Brothers in 1923. Hassenfeld was named chief executive in 1989 and kept that post until two years ago - when Alfred Verrecchia took over.

"Alan Hassenfeld epitomizes everything that is right about Hasbro," said Verrecchia.

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