When we reported Borders ever “disappointing” holiday sales earlier this month, we noted that the last time the chain did that poorly they changed chief executives–and lo and behold, after just a year in office, ceo Ron Marshall is departing, to take the ceo job at another unnamed publicly-held retailer. The company is initiating a search through Korn/Ferry, so clearly Marshall surprised the company by heading for the door. Chief merchandising officer Mike Edwards takes the interim ceo post, having worked at Borders since last September.
Release
