Toys R Us chairman and CEO Antonio Urcelay is scheduled to retire on July 1. Taking his place will be David Brandon, past CEO and chairman of Domino’s Pizza. The 63-year old executive was on hand to help Domino’s with its IPO. Brandon was also president and CE of Valassis Communications and also helped them transition to a publicly held company.
Until last October Brandon was the athletic director at the University of Michigan, when he resigned amid concerns about the poor showing of the school’s football team as well as other problematic issues in the athletic department there.
Urcelay, who is the same age as Brandon, was the CEO and chairman of Toys R Us since near the end of 2013. He was employed by the giant toy retailer since 1996.
Toys R Us, a Wayne, New Jersey-based company, was bought by Kohlberg Kravis Roberts & Co, Bain Capital Inc, and Vornado Realty Trust in 2005, taking the company private. The huge toy store, which also has Babies R Us shops, has 866 outlets in the US, Puerto Rico, and Guam. They also have 730 stores globally, and an additional 240lnsed tor i37 countries and jurisdictions. They also operate FAO Schwarz.