Borders Group Inc. (BGP) noted that Ron Marshall has resigned as President, Chief Executive Officer or CEO and a Director of the company, effective immediately. Marshall has accepted the role of CEO with another publicly held retailer, but will assist Borders in the process of transitioning to new leadership.
In addition, the company has named Executive Vice President and Chief Merchandising Officer Michael Edwards as the Interim CEO. Edwards, in his role, would report to McGuire. Also, the company's board has retained Korn/Ferry International to lead the search for a permanent CEO.
For comments and feedback contact: editorial@rttnews.com
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.