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Toys R Us Hires New CEO

Storch was chosen by the Toys “R” Us board, which comprises representatives of the company’s new owners: Bain Capital partners, Kohlberg Kravis Roberts & Co. and Vornado Realty Trust.Gerald L. Storch was named chairman and CEO of toy retailer Toys “R” Us, which is based in Wayne. Storch was previously vice chairman at retail giant Target.

From 1993 to 2005, Storch, 49, rose through the executive ranks at Target starting from the senior vice president post.

Storch was chosen by the Toys “R” Us board, which comprises representatives of its new owners: Bain Capital partners, Kohlberg Kravis Roberts & Co. and Vornado Realty Trust. The investor group acquired the retailer last July and subsequently took the company private.

Rock Markee, vice chairman of Toys “R” Us and president of Babies “R” Us, had filled in as interim CEO while the executive search was underway. Markee will retain his previous duties.

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