Hasbro Inc. said May 18 that its shareholders elected Edward Philip as the new lead independent director of the company.

Philip succeeds Basil Anderson, who retired from the leisure products company's board at the 2017 annual general meeting May 18.

Philip is a special partner of venture capital fund Highland Consumer Fund. Hasbro has more than 25 years' experience in consumer and technology sectors and has worked with companies including The Walt Disney Company and Lycos.