Hasbro finance chief Deborah Thomas to retire

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The company said Thomas, who has been with Hasbro (NASDAQ:HAS) 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.