Toys R Us ANZ CEO Penny Cox has resigned with immediate effect.
Cox joined Toys R Us as CEO in July 2023, succeeding Louis Mittoni, who resigned from the role.
Current chairman Kelly Humphreys will take the role of interim executive chair while current non-executive director Teresa Smith will assume the position of interim executive director until a new CEO has been appointed.
Toys R Us said that a search for a new CEO is already ongoing.
“The board acknowledges Penny’s contribution since joining the company in 2023 and wishes her well for the future,” said the company in a short stock exchange filing.
Last year, Toys R Us said it agreed to acquire arts and crafts retail brand Riot, expanding the toy company’s product offering and bolstering its position in the e-commerce space.
