Borders’ 399 stores won’t finish the liquidation process until September, but ceo and president Mike Edwards and cfo Scott Henry won’t be around to see the chain through till the end. The two executives’ employment with the company was “terminated” on July 29, according to a Thursday filing with the SEC. Current svp restructuring Holly Felder Etlin, also a managing director of AlixPartners, has been promoted to president, and chief accounting officer and controller Glen Tomaszewski was appointed treasurer. In the same filing, Borders reported they have also paid off in full their obligations to DIP lenders under the amended […]
