News

Borders Group CEO Sets Retirement

BY CSA STAFF

Ann Arbor, Mich., Greg Josefowicz, president, chairman and CEO of Borders Group, will retire within the next two years. The board has formed a committee of independent directors to select a replacement and Josefowicz, 53, will stay on until one is named. He will assist the board as needed through the end of fiscal 2007.

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News

Barnes & Noble Appoints Director

BY CSA STAFF

New York City, Barnes & Noble appointed William F. Reilly to its board of directors. Reilly has been CEO of Aurelian Communications, a special-interest publisher, since he founded it in February 2002. He served as chairman and CEO of Primedia Inc., a specialty media company, from February 1990 to 1999. He also served as a member of the board of directors of Barnes & Noble.com from 1999 to 2004.

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FINANCE

SEC Puts Ingles on Notice

BY CSA STAFF

Asheville, N.C., Supermarket chain Ingles Markets Inc. was put on notice by the U.S. Securities and Exchange Commission that the commission will recommend civil action against the company. In a statement, Ingles said the SEC’s Wells notice relates to vendor contracts the company entered into in 2002 and 2003 and internal accounting control issues that have been previously disclosed.

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