Dive Summary:
- Retail chain store Toys “R” Us has named interim executive Antonio Urcelay as the company’s permanent CEO.
- Urcelay previously served as the retailer’s interim CEO since May of this year. Urcelay will begin his tenure effective immediately.
- Toys “R” Us also announced it has named former Walmart executive Hank Mullany as new president of the company.
Dive Insight:
“Antonio's extensive knowledge of global markets makes him uniquely qualified to lead the organization as we expand rapidly in Asia and other parts of the world," said Toys “R” Us in a statement. The company hopes the hiring move will achieve a degree of executive level stability throughout the upcoming holiday shopping season.
