CEO OF CIRCUIT CITY QUITS

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CEO OF CIRCUIT CITY QUITS

 user 2008-09-25 at 1:04:42 pm Views: 67
  • #20699

    http://www.indystar.com/apps/pbcs.dll/article?AID=/20080923/BUSINESS/809230337/1003/BUSINESS
    CEO of Circuit City quits
    RICHMOND,
    Va. The top executive at Circuit City Stores Inc. stepped down Monday
    to diffuse a fierce proxy battle as the struggling electronics retailer
    continues its turnaround effort.Philip J. Schoonover, 48, Circuit
    City’s chief executive, chairman and president, will be replaced by
    board member James A. Marcum, who will stand in as the chain’s interim
    president and chief executive. Meanwhile, former tobacco executive
    Allen B. King will become Circuit City’s new chairman.