Toys"R"Us Names Pizza Executive as New CEO

Toys"R"Us has named a former Domino’s Pizza executive with no toy retailing experience to steer the company as it continues to confront tough online competition in a slow-growing business.

David Brandon, former CEO and chairman of Domino’s Pizza, will become chairman and CEO on July 1, succeeding Antonio Urcelay, who will retire from the company. It is the second major executive appointment Toys"R"Us has announced in recent years: Urcelay served as CEO since October 2013, and only led the retailer’s holiday strategy for just one season. Previously, Toys"R"Us was run for several years by Gerald Storch, who stepped down following a weak 2012 holiday sales performance.