January 27, 2010 (FinancialWire) — Borders Group (NYSE: BGP) said that Ron Marshall has resigned as president, chief executive officer and a director of the company. The company has named executive vice president and chief merchandising officer Michael J. Edwards as the company’s interim chief executive officer.

The company said that Marshall has accepted the role of CEO with another retailer, but will assist Borders in the process of transitioning to new leadership.

Edwards joined Borders in September 2009 and has been leading the company’s merchandising and marketing teams. As interim CEO, Edwards will report to McGuire.

The company’s board has retained Korn/Ferry International to lead the search for a permanent CEO.

Michigan-based Borders Group is a specialty retailer of books as well as other educational and entertainment items. The company employs around 25,000 throughout the U.S., primarily in its Borders and Waldenbooks stores.

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