Borders Group Names Chairman

Ann Arbor, Mich. Borders Group announced Tuesday that it has appointed Mick McGuire, 32, non-executive chairman of the company's board of directors, effective Tuesday.

McGuire replaces Larry Pollock, 61, who has been non-executive chairman since July 2006 and has been a director since August 1995. Pollock will remain on the board as a director.

McGuire joined the board in Jan. 2008 in connection with his role as a partner at Pershing Square Capital Management, which is Borders Group's largest investor.

In related news, Michael G. Archbold has been named lead director. Archbold, 48, joined the board in Dec. 2007. He is executive VP, COO and CFO, The Vitamin Shoppe.