Dive Summary:
- Toys “R” Us have announced the resignation of Michael D. Fascitelli and Michael Ward, two members of the company’s board of directors.
- As a result of the resignations, the company has appointed two new members and, additionally, filled two other formerly vacant seats.
- Neither of the resignations by Fascitelli or Ward is related to disagreements with the company, according to reports.
From the article:
As a result of Fascitelli’s departure, the company has appointed Joseph Macnow to its board. Macnow has served as EVP of finance and administration and CFO of Vornado Realty Trust since January 1998. Meanwhile Greg Why has been appointed to the board to fill the spot left vacant by Ward. Why has served as an operating partner at Bain Capital since December 2009.
