Borders CFO resigns

ANN ARBOR, Mich. Borders Group announced that Mark Bierley has resigned his position as CFO to pursue another employment opportunity. The company has named VP Glen Tomaszewski as interim CFO. Bierley will assist Borders in the transition process as it initiates the search for a new CFO.

Tomaszewski has been with the company for 12 years, playing an integral role in leading the company's financial accounting and reporting functions, including the formation of accounting policy and ensuring compliance with financial regulatory requirements, the company reported.

"I appreciate the many contributions Mark has made to the company," said Borders CEO Mike Edwards. "He successfully led our debt and equity financings earlier this year and oversaw the recent sale of Paperchase, which have strengthened Borders' financial health and provided the necessary foundation for repositioning the Borders brand. I wish Mark all the best in his new role.