Toys “R” Us Canada president resigns after two decades with retailer
TORONTO – Toys “R” Us Canada’s president has resigned from the top post after more than two decades with the company.
A spokeswoman says Melanie Teed-Murch tendered her resignation to accept a new opportunity, which has not been disclosed.
The company did not say when the resignation takes effect and says that it has yet to appoint an interim president.
Teed-Murch started her career with the toy seller in 1996 as a store manager in Kitchener, Ont., before working her way up to the top post in September 2016.
She oversaw the company during a tumultuous time as its American and U.K. counterparts liquidated stores, and the Canadian business sought creditor protection.
Fairfax Financial Holdings Ltd. eventually purchased the Canadian operation for $300 million and Teed-Murch embarked on a media offensive to reassure customers that the retailer remained open for business.
The retailer has 82 stores across Canada and e-commerce sites Toysrus.ca and Babiesrus.ca.
Companies in this story: (TSX:FFH)
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