Wayne, N.J. – Ron Boire has stepped down as executive VP of Toys “R”
Us, where he had also served as president of the toy chain’s “R” Us Brands
to a filing with the Securities and Exchange Commission, Boire’s position was
eliminated and he was terminated Tuesday without cause.
company offered no further comment on his departure.
joined Toys “R” Us as president in 2006 following a three-year-stint at Best
Buy, where he last served as chief merchant. He joined Best Buy from Sony,
where he held a series of executive posts during his 17-year career there,
including president of Sony Electronics Consumer Sales.
Toys “R” Us was acquired in 2005 by a private equity
group comprised of Bain Capital Partners, Kohlberg Kravis Roberts and Vornado
Realty Trust, and is headed by chairman/CEO Jerry Storch, formerly vice
chairman of Target.
The company operates 847 Toys “R” Us and Babies “R” Us
stores in the United States,
and more than 700 international stores in 33 countries. Earlier this year it
acquired premium toy retailer FAO Schwarz, playthings etailer eToys.com, and
the KB Toys brand and Web site following the chain’s bankruptcy.