Borders' chief financial officer leaves

Borders' chief financial officer leaves

<p>Borders&#39; chief financial officer Mark Bierley has become the latest person to leave the business following a spate of recent redundancies.</p><p>Bierley will &quot;pursue another employment opportunity&quot;, according to a Borders statement. Vice-president Glen Tomaszewski, a Borders veteran of 12 years, will act as interim c.f.o. The statement said Bierley will help Borders find a permanent replacement.</p><p>His departure comes after the retailer laid off a number of staff at its Ann Arbor head office and 100 people were made redundant at its Tennessee warehouse.</p><p>Borders c.e.o. Mike Edwards said: &quot;I appreciate the many contributions Mark has made to the company. He successfully led our debt and equity financings earlier this year and oversaw the recent sale of Paperchase, which have strengthened Borders&#39; financial health and provided the necessary foundation for repositioning the Borders brand. I wish Mark all the best in his new role.</p><p>&quot;We are highly committed to driving the top line at Borders Group, while continuing to prudently manage expenses. As we conduct our search for a new c.f.o., I will work closely with Glen on carrying out our financial priorities, including maximising the profitability of our stores and increasing the efficiency of our supply chain. </p><p>&quot;I appreciate the continued support of all of our partners and associates during this transitional time.&quot;<br />&nbsp;</p>