BMS names Gerald Storch to board of directors

Bristol-Myers Squibb (BMS) has appointed Toys“R”Us chairman and CEO Gerald Storch to its board of directors.

The US pharma firm said Storch will serve as a member of its audit committee as well as the compensation and management development committee of the board of directors.

Despite his lack of experience in the pharma industry, Storch has held a number of high level positions at a number of retail and business services companies.

Prior to joining Toys “R” Us in 2006, he was vice chairman at retailers Target Corporation. He has also been a partner at management consultancy McKinsey & Company.

“We are thrilled to have a person of Jerry's calibre, an industry leader with an excellent track record of success in branding and positioning a global franchise for growth, on our board of directors,” said Lamberto Andreotti, CEO at BMS.

James Cornelius, BMS' chairman, added: “Jerry's broad business and financial experience, focus on innovation and tremendous integrity make him an ideal member of our board of directors. I look forward to his contributions.”