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Storch steps down at TRU, successor to be named
WAYNE, N.J. — Gerald Storch, is vacating his role as CEO of Toys"R"Us after seven years of service. He will retain his title of chairman of the board and will continue as CEO until a successor is found.
Storch joined Toys'R'Us in February 2006 after spending more than 10 years at Target in roles of increasing seniority. At Target, Storch helped develop the Super Target concept and grow the company's grocery business. Prior to joining Target, he was a partner at McKinsey & Company, specializing in retail and financial services.
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Study: Collaboration between CIO and other c-suite execs crucial to success
New York — Findings released Tuesday by PricewaterhouseCoopers showed that top-performing companies typically have demonstrated strong collaboration between the corner office and the CIO.
According to PwC’s Digital IQ survey, companies with strong, collaborative relationships between the CIO and other c-suite executives are four times as likely to be top-performing companies as those with fragmented relationships.