Wayne, N.Y. -- Toys “R” Us CEO Antonio Urcelay has replaced Gerald Storch as chairman of the company. Urcelay, appointed interim CEO at Toys “R” Us in May 2013, was officially named chief executive in October.
Storch, who had previously served as CEO, is stepping down as chairman to dedicate more time to his consulting company, Storch Advisors, Toys “R” Us said in a filing with the Securities and Exchange Commission.
It also noted in the filing that Storch’s resignation from the chairmanship was not due to any disagreement with the company.
In conjunction with his departure, Toys “R” Us named Richard Markee to the board. He has served as executive chairman of Vitamin Shoppe since April 2011 and from 2009 to 2011 he served as CEO.