Toys “R” Us Inc. (Wayne, N.J.) has named Antonio Urcelay as ceo and has brought in Hank Mullany, a former executive at Walmart Stores Inc. (Bentonville, Ark.) as president. Urcelay, a 17-year company veteran, was president of Toys “R” Us Europe before being named interim ceo in March.
Mullany headed Walmart’s Northern U.S. operations, responsible for a $90 billion business that included 1300 stores and 28 distribution centers in 19 states that generated $90 billion in revenue. In 2010, Walmart blocked him from heading the pharmacy unit of CVS Caremark Corp. (Woonsocket, R.I.), citing a non-compete clause in his contract. Instead, he became ceo of ServiceMaster (Memphis), a commercial and residential cleaning and maintenance company.
At Toys “R” Us, Mullany will oversee all merchandising, marketing, e-commerce and store operations for the 878 stores in the U.S. Urcelay will focus on global markets.