Borders Group appoints McGuire to board

ANN ARBOR, Mich. Borders Group today announced that Richard McGuire has been appointed to the company's board of directors, effective today. McGuire is a partner of Pershing Square Capital Management, L.P.

McGuire joined Pershing Square in 2005 and is one of five senior professionals responsible for managing approximately $6 billion in investor capital, a role that includes evaluating, initiating and monitoring investments across a wide range of industries including, among others, retail, consumer, business services and financial services. Prior to Pershing Square, he held positions at private equity funds J.H. Whitney & Co., and Stonington Partners.

"Mick brings substantial expertise, financial sophistication and fresh insights to the Borders Group board," said ceo George Jones. "We are pleased to welcome him and look forward to benefiting from his involvement. His addition, and our recent election of Mike Archbold, strengthen the Borders Group board, reflecting our continued determination to pursue the best interests of our stockholders."