Ex-Nash Finch Head Named CEO at Borders
Jan 6, 2009 6:00 AM
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ANN ARBOR, Mich. — Ron Marshall, the former chief executive officer of grocery distributor Nash Finch and a former chief financial officer at Pathmark Stores, on Monday was named CEO of troubled book retailer Borders Group here. Marshall left Nash Finch in 2006 and founded Wildridge Capital, a private investment firm.
Borders, which announced weak holiday sales on Monday, has been struggling for months and recently took itself off the auction block. Borders stock, which has traded below $1 per share for more than a month, is in danger of being delisted by the New York Stock Exchange, the company said.
Marshall is replacing George Jones as CEO at Borders, and was one of several management changes announced Monday.
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