Toys R Us CEO to step down, stay on as chairman

02/13/2013 | Reuters

Gerald Storch will resign as chief executive officer of Toys R Us, where he took the reins in 2006 after KKR & Co., Bain Capital and Vornado Realty Trust acquired the company and took it private in a $6.6 billion deal. Storch, a former Target executive, will stay on as chairman of the board, and the company will launch a search for a new CEO.

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