Hasbro finance chief Deborah Thomas to retire
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FILE PHOTO: The Hasbro, Inc. logo is seen on a toy for sale in a store in Manhattan, New York, U.S., November 16, 2021. REUTERS/Andrew Kelly/File Photo
(Reuters) -Hasbro Inc said on Wednesday its Chief Financial Officer Deborah Thomas would retire, with the toymaker working on hiring her successor from both internal and external candidates.
The company said Thomas, who has been with Hasbro for 24 years, would remain as its finance chief until her successor is named and as an advisor for a period thereafter to ensure a smooth transition.
In October, Hasbro missed quarterly profit estimates, having raised prices to offset surging commodity costs that led inflation-weary customers to buy fewer toys and games.
The 'Magic: The Gathering' maker has also warned of a slowdown in demand for toys ahead of the most important holiday season due to decades-high inflation and rising interest rates turning consumers cautious.
(Reporting by Ananya Mariam Rajesh in Bengaluru; Editing by Krishna Chandra Eluri)
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