News across the pond: Toys 'R' Us President resigns

In just 10 months of joining, Neil Friedman has stepped down from US operations

He joined last year in April as president, and was responsible for all merchandise planning and allocation, marketing and operations for the company’s more than 860 US stores.

Friedman's resignation follows the company's restructure which saw its chairman and CEO Gerald Storch move some of Friedman’s merchandising and store operations duties to another executive who would report directly to Storch. He is the sixth top-level executive reporting to Storch who has left the company since Storch became CEO in 2006.

Friedman is going solo and becoming an independent adviser to toy companies, although will still offer his advisory services to Toys 'R' Us on a non-exclusive basis.

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