The retail giant, Toys 'R' Us formally announced Dave Brandon as Chairman and CEO on Tuesday in a statement. Brandon will start his position on June 1.
What was previously reported by the Wall Street Journal early Tuesday has now come to fruition.
Former Michigan Athletic Director Dave Brandon has a new job outside of the sphere of athletics. Retail giant Toys 'R' Us formally announced Brandon as Chairman and CEO of the company. Brandon will replacing outgoing CEO Antonio Urcelay, who decided to retire from the company.
"I consider it a tremendous privilege to assume this important leadership role at Toys"R"Us, one of the most well-known retail brands in the world," said Brandon in a statement.