Date: Thursday September 25, 2008 01:04:42 pm
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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.
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