Former Toys ‘R’ Us chief executive officer Gerald Storch has been elected as chairman of grocery retailer SuperValu’s board of directors following the resignation of Robert Miller.
Miller, who has served a chairman since March 2013, said he was resigning the position to focus on other demands but will consult with board as a non-paid advisor.
New chairman Storch is chairman and chief executive officer of Storch Advisors, a senior management advisory and consulting firm that focuses on retailing, e-commerce, consumer products and services and consumer financial services.
From 2006 to 2013, Storch was chairman and CEO of Toys ‘R’ Us, where he helped grow the company into a $13 billion global retailer through an expansion of the company’s e-commerce business and several large-scale mergers and acquisitions.
Prior to his tenure at TRU, Storch served as vice chairman of Target. During more than a decade with Target, Storch led the retailer’s e-commerce site, its grocery business and the Target Financial Services credit card business, and oversaw Marshall Field’s Department Stores.
Storch currently serves as a member of the board of directors of Bristol Myers Squibb and Fanatics.
“We are thrilled to have Jerry Storch as our new non-executive chairman of the SuperValu board of directors,” says Phil Francis, director, SuperValu. “Jerry’s tremendous experience in food and specialty retailing makes him especially well qualified for this role.”