April 6, 2018
Toys ‘R’ Us has announced that Gerald Storch will begin to transition from his role as chief executive officer of the company, while remaining as chairman of the board.
Storch will continue as CEO while his successor is found.
Storch
joined Toys ‘R’ Us in 2006 following its acquisition by an investment group consisting of affiliates of Bain Capital Partners, Kohlberg Kravis Roberts & Co. and Vornado Realty Trust.
“I am incredibly proud of what we have accomplished together over the past seven years,” says Storch. “The Toys ‘R’ Us brand is stronger than ever due to the hard work and dedication of our talented team around the world. Looking to the future, we will always ‘Play to Win.’’’
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