ANN ARBOR, Mich., Aug. 11 /PRNewswire-FirstCall/ -- Borders Group, Inc. (NYSE: BGP) today announced plans to elect five new Board members at the company's September 17 Board meeting. The five new Directors will replace five existing Directors -- Don Campbell, Joel Cohen, Amy Lane, Brian Light and Larry Pollock -- who will step down from the Board at that time, as previously announced.
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The five new directors are: Paul J. Brown, President, Global Brands and Commercial Services, Hilton Hotels Corp.; Ronald J. Floto, President, FLT International LLC; Michael Grossman, Chief Executive Officer, Tempo Payments; Dan Rose, Vice President, Business Development and Monetization, Facebook and Timothy V. Wolf, Chief Integration Officer, MillerCoors LLC. They join Board Chairman Mick McGuire, Borders Group Chief Executive Officer Ron Marshall and Lead Independent Director Mike Archbold on the Board.
Brown, 42, has been in his current position with Hilton Hotels Corp. since 2008. Prior to that, he was with Expedia Inc. for four years, most recently serving as President, Expedia North America and Expedia Inc. Partner Services Group. From 2001 through 2005, Brown was a Partner and Leader of the Global Travel and Hospitality Practice for McKinsey & Co. Earlier in his career, he was Senior Vice President of Brand Services for Intercontinental Hotels Group; a Manager with the Boston Consulting Group, Inc. and a Senior Consultant with Andersen Consulting. He received a bachelor's degree in management from Georgia Institute of Technology in 1989 and earned a master's of business administration degree from the Kellogg Graduate School of Management, Northwestern University in 1994.
Floto, 65, founded FLT International in 2007. For 10 years prior, he was Chief Executive Officer and a Director with Dairy Farm International Holdings Ltd., a $6.7 billion Asian retailer that operates more than 4,600 locations including supermarkets, health and beauty stores, convenience stores, home furnishing stores and restaurants. From 1994 through 1997, he was President of Kmart Corporation's Super K Division, and earlier spent nine years as Chief Executive Officer and Chairman of Kash N' Karry Food Stores. Prior to that, he was with Jewel Companies, Inc. for 12 years, including three years as President of Jewel's Buttrey Food Stores. From 1971 through 1973, Floto served as Special Assistant to the Under Secretary of Transportation with the U.S. Department of Transportation. He currently serves on the board of directors of Dairy Farm International, Food World, Ltd. of India and Health & Glow, Ltd. of India. Floto earned a bachelor's degree in engineering from the U.S.
