Would-be retail turnaround specialist George Jones is being replaced immediately as ceo of Borders Group after two-and-a-half difficult years of failing to bring to the retailer to profitability. Taking over is Ron Marshall, most recently principal of Wildridge Capital Management, a private equity company he founded. Previously, Marshall was ceo for eight years of food distributor Nash Finch Company and prior to that he was evp and cfo at Pathmark. Earlier in his career he worked at Crown Books and BN College. Board chairman Larry Pollock says in the announcement, “it is imperative that the company more aggressively attack these […]
