CEO OF CIRCUIT CITY QUITS

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CEO OF CIRCUIT CITY QUITS

 user 2008-09-25 at 1:04:17 pm Views: 57
  • #20834

    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.