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Aug 22 – Aug 29, 2010 Edition Borders CFO Resigns, Tomaszewski to Serve in Interim
ANN ARBOR, Mich./AUTHORLINK NEWS/August 23, 2010–Borders Group, Inc. (NYSE: BGP) today announced that Mark Bierley has resigned his position as CFO to pursue another employment opportunity. The company has named Vice President Glen Tomaszewski as Interim CFO. Bierley will assist Borders in the transition process as it initiates the search for a new CFO.
Tomaszewski, 41, has been with the company for 12 years, playing an integral role in leading the companys financial accounting and reporting functions, including the formation of accounting policy and ensuring compliance with financial regulatory requirements.
I appreciate the many contributions Mark has made to the company, said Borders CEO Mike Edwards. He successfully led our debt and equity financings earlier this year and oversaw the recent sale of Paperchase, which have strengthened Borders financial health and provided the necessary foundation for repositioning the Borders brand. I wish Mark all the best in his new role.
We are highly committed to driving the top line at Borders Group, while continuing to prudently manage expenses, continued Edwards. As we conduct our search for a new CFO, I will work closely with Glen on carrying out our financial priorities, including maximizing the profitability of our stores and increasing the efficiency of our supply chain. I appreciate the continued support of all of our partners and associates during this transitional time.
About Borders Group, Inc.
Headquartered in Ann Arbor, Mich., Borders Group, Inc. (NYSE: BGP) is a leading specialty retailer of books as well as other educational and entertainment items. The company employs approximately 19,500 throughout the U.S., primarily in its Borders® and Waldenbooks® stores. Online shopping is offered through borders.com. Find author interviews and vibrant discussions of the products we and our customers are passionate about online at facebook.com/borders, twitter.com/borders and youtube.com/bordersmedia. For more information about the company, visit borders.com/media
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