Article: Borders Group CEO Greg Josefowicz To Retire Within Next Two Years.

ANN ARBOR, Mich. -- Borders Group, Inc. (NYSE:BGP) today announced that Greg Josefowicz, president, chairman and chief executive officer has advised the company's Board of Directors that he will retire within the next two years. Josefowicz will remain in his current role until the Board names a successor and will assist the Board as needed through the end of fiscal 2007 to assure an orderly transition. The Board has formed a committee of independent directors to select a successor to Josefowicz and will conduct an internal and external search.

Josefowicz, 53, joined Borders Group as President and Chief Executive Officer in November 1999 and became Chairman of the ...

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