Borders U.K. CEO Steps Down

London David Roche, the CEO of Borders U.K., has stepped down. The reason for his departure was not cited in reports.

Philip Downer, who previously served as managing director for the company, will replace him.

Borders U.K. reported a same-store sales increase of 2.9% for the period between Dec. 2, 2007 and Jan. 5.