WAYNE, N.J., March 10 /PRNewswire-FirstCall/ -- Toys "R"
Us, Inc. (NYSE: TOY) today announced the appointment of Frank
Noonan, Former Chairman and Chief Executive Officer of R.H.
Donnelley in Purchase, NY, to its Board of Directors. Mr.
Noonan was elected to the Board on March 2, 2004 and will
stand for reelection at the company's annual meeting on June
2, 2004. John Eyler, Chairman and CEO of the company, made the
announcement.
"Toys "R" Us feels very fortunate to welcome an individual
of such high caliber to our Board," said Eyler. "Frank's
extensive financial and operating background will bring
additional dimension to our board as we continue our strategic
evaluation. We look forward to the insight and perspective he
will bring to our company as we continue to grow our
business."
Noonan spent 11 years with R.H. Donnelley. Under his
leadership, the R.H. Donnelley Company completed a successful
spin-off from its parent company, Dun & Bradstreet and,
more recently, the acquisition of Sprint Publishing and
Advertising, which created the nation's largest public
stand-alone publisher of yellow pages directories.
Prior to that, Mr. Noonan was with Dun & Bradstreet
Corporation as Senior Vice President -- Finance and a Board
Member until 1998. Before Dun & Bradstreet, he was Senior
Vice President and Chief Financial Officer with UNUM
Corporation. He also spent more than fifteen years in various
financial and strategy positions with General Electric Company
and was a First Lieutenant, Signal Corps in the U.S. Army.
He is a graduate of the University of New Hampshire and
serves as a Trustee of the University's Foundation.
Toys "R" Us, one of the world's leading retailers of toys,
baby products, and children's apparel currently sells
merchandise through 1,498 stores worldwide: 681 toy stores in
the United States; 574 international toy stores, including
licensed and franchise stores; 199 Babies "R" Us stores, 40
Kids "R" Us stores and 4 Geoffrey stores, and through its
Internet sites at www.toysrus.com, www.babiesrus.com,
www.imaginarium.com and www.sportsrus.com.
This press release contains certain "forward-looking"
statements within the meaning of Section 27A of the Securities
Act of 1933, as amended, and Section 21E of the Securities
Exchange Act of 1934, as amended, which are intended to be
covered by the safe harbors created thereby. Such statements
should be considered as subject to risks and uncertainties
that exist in the company's operations and business
environment that could render actual outcomes and results
materially different than predicted. Factors that could
constitute risks are set forth in documents filed by the
company with the Securities and Exchange Commission.
CONTACT:
Ursula H. Moran
Investor Relations
973-617-5756
Susan McLaughlin
Media Relations
973-617-5900
Both of Toys "R" Us, Inc.