Borders Group CFO Resigns

Borders Group CFO Mark Bierley resigned today, announcing that he would “pursue another employment opportunity.” While the company searches for his replacement, vice president Glen Tomaszewski will serve as interim CFO.

Tomaszewski joined the bookseller 12 years ago. It has been a busy year, as he helped Borders refinance a major loan and sell Paperchase to help the company restore its financial footing.

Borders CEO Mike Edwards had this statement: “We are highly committed to driving the top line at Borders Group, while continuing to prudently manage expenses … 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.”

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