Seasoned Executive with Strong Retail and Finance Experience Selected to
Lead the Company's Canadian Division
WAYNE, NJ, Nov. 20 /CNW/ - Today, Toys "R" Us, Inc. announced that Kevin
Macnab has been promoted to President, Toys "R" Us, Canada, effective
immediately. Mr. Macnab currently serves as Vice President of Finance, Real
Estate and Information Technology for Toys "R" Us, Canada. In his new role,
Mr. Macnab will oversee all merchandising, marketing and operational
responsibilities for the company's 67 Canadian operations. He will report to
Ron Boire, President, Toys "R" Us, North America.
Mr. Boire said, "Kevin has served as a key member of our Canadian
leadership team for the past seven years. He has demonstrated diverse
capabilities during his tenure at Toys "R" Us, and he played an instrumental
role in developing and executing strategies to support the implementation of
new store concepts in Canada. We look forward to his continued vision and many
contributions as we further grow our North American business."
Mr. Macnab said, "I am extremely excited about the opportunity to lead
the dynamic Toys "R" Us, Canada team and to work collaboratively with our
partners in the U.S."
Mr. Macnab has 25 years of business experience in the retail and finance
sectors, having served in key roles at PricewaterhouseCoopers, Marks &
Spencers and D'Allaird's Stores. He joined Toys "R" Us, Inc. in May 2000 in
his current role.
Mr. Macnab holds a Bachelors of Arts with Honors in Business from the
University of Leicester in England and a CA from PricewaterhouseCoopers in
About Toys "R" Us, Inc.
Toys "R" Us is the world's leading specialty toy retailer. Currently it
sells merchandise through more than 1,500 stores, including 586 stores in the
U.S. and 711 international toy stores, which includes licensed and franchise
stores, and through its Internet site at www.Toysrus.com. Babies "R" Us is the
largest baby product specialty store chain in the world and a leader in the
juvenile industry, and sells merchandise through 258 stores in the U.S. as
well as on the Internet at www.Babiesrus.com.
This press release contains "forward looking" statements within the
meaning of Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934, which are intended to be covered by the safe
harbors created thereby. All statements herein that are not historical facts,
including statements about our beliefs or expectations, are forward-looking
statements. These statements are subject to risks, uncertainties, and other
factors, including, among others, risks, uncertainties and factors set forth
in our reports and documents filed with the United States Securities and
Exchange Commission (which reports and documents should be read in conjunction
with this press release). We believe that all forward-looking statements are
based on reasonable assumptions when made; however, we caution that it is
impossible to predict actual results or outcomes or the effects of risks,
uncertainties or other factors on anticipated results or outcomes and that,
accordingly, one should not place undue reliance on these statements.
Forward-looking statements speak only as of the date they were made, and we
undertake no obligation to update these statements in light of subsequent
events or developments. Actual results and outcomes may differ materially from
anticipated results or outcomes discussed in any forward-looking statement.
For further information:
For further information: Kathleen Waugh, Toys "R" Us, Inc., (646)
366-8823, (973) 617-5888, email@example.com