Storch to step down as Toys R Us CEO, to stay as board chairman

Wed Feb 13, 2013 11:31am EST

Feb 13 (Reuters) - Toys R Us Inc said on Wednesday that Gerald Storch, 56, will step down as chief executive of the world's largest dedicated toy retailer, while remaining chairman of the board.

The company said it will start a search for a successor.

Storch, who joined Toys R Us in 2006 after it was taken private by KKR & Co LP, Bain Capital and Vornado Realty Trust in a $6.6 billion deal, will continue as CEO during the transition period.

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After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.