Salovaara resigns from Circuit City Board

RICHMOND, Va. Mikael Salovaara has resigned as a director of Circuit City Stores, according to an SEC filing. In communicating his resignation to the company, Salovaara noted that he was “happy to have served through the proxy season and the annual meeting and deep into our review of strategic alternatives with our advisors.”

Allen King will replace Salovaara as lead director. Salovaara had served on the Circuit City board for 13 years.

According to Circuit City, Salovaara did not disagree with the company's ongoing strategic alternative review or the four new directors that the company’s shareholders elected at the 2008 annual meeting of shareholders.