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5 years ago
Storch to step down as Toys R Us CEO, to stay as board chairman
February 13, 2013 / 4:31 PM / 5 years ago

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

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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