Hasbro says that Chief Financial Officer Deborah Thomas is retiring after 24 years with the company.
“In her 24 years at Hasbro, Deb has been instrumental in transitioning Hasbro from a toy and game company to a global branded entertainment leader,” says Chris Cocks, Hasbro CEO. “Deb has been a tremendous leader and colleague, including as an invaluable resource and advisor to me during my transition into the CEO role. The entire Hasbro team and I wish her and her family the very best in retirement.”
Thomas says that she feels comfortable retiring because of Cocks’, who was formerly the president of Wizards of the Coast, transition to being CEO earlier this year.
“Since joining Hasbro, I’ve had the opportunity to work with amazing people, on some of the world’s most iconic brands, successfully growing Hasbro into the global leader it is today,” Thomas says. “Following a smooth leadership transition over the last year, I know Hasbro is in the best of hands with a clear strategy to drive accelerated growth and profit over the years to come.”
Thomas’ exit comes as Hasbro expands its licensing efforts and development of the company’s biggest brands following a 15% decline in revenue for Q3. She will continue to be acting CFO until a replacement is found and serve as an advisor throughout the transition period.
