Borders Group Names Greg Josefowicz President and CEO

Nov 15, 1999, 00:00 ET from Borders Group, Inc.

    ANN ARBOR, Mich., Nov. 15 /PRNewswire/ -- Borders Group, Inc. (NYSE:   BGP)
 announced today the appointment of Greg Josefowicz as President, Chief
 Executive Officer and member of the Board of Directors.  Mr. Josefowicz, age
 47, succeeds Robert DiRomualdo, who has been serving as the Interim President
 and Chief Executive Officer.  Mr. DiRomualdo will remain as Chairman.
     Mr. DiRomualdo said, "The Board of Directors and I are extremely pleased
 to have Greg Josefowicz join Borders.  Greg is a seasoned retailer who ran one
 of America's premier retail organizations and he will help us capitalize on
 the opportunities ahead.  Greg's strengths in marketing, merchandising,
 logistics, operations and, above all, human resources will make Borders Group
 an even stronger business in the future.  In addition, his experience in
 database management and e-commerce (as Peapod's Chicago affiliate) will serve
 to strengthen Borders.com.  I'm delighted that our businesses are currently
 performing very well across the board and with Greg's leadership we are
 confident that Borders can fulfill its mission as the world's best-loved
 provider of books, music and other entertainment, educational and
 informational products and services."
     Mr. Josefowicz said, "I am truly excited to be joining an organization and
 management team with a great heritage of retail success, innovation and
 spirit.  I look forward to continuing to build the strong brand images of
 Borders and Waldenbooks across multiple retail channels while meeting the
 needs of our customers."
     Mr. Josefowicz most recently served as President of Jewel-Osco, a division
 of Albertson's, Inc. (NYSE:   ABS).  With 271 locations, Jewel-Osco is a Midwest
 retailer operating both combination food and drug stores and freestanding drug
 stores.  Albertson's is one of the largest food-drug chains in the United
 States and recently completed its acquisition of American Stores, original
 parent company of Jewel-Osco.  Mr. Josefowicz served as President of
 Jewel-Osco since 1997 and previously served in myriad roles in merchandising,
 marketing and operations during his career there, which began as a high school
 student in 1968.  Mr. Josefowicz received the 1999 Illinois Retail Merchants
 Association Retailer of the Year award in September for his commitment to the
 retail industry and dedication to the community.  Mr. Josefowicz holds a
 bachelor's degree from Michigan State University and a master's degree from
 Northwestern University's Kellogg Graduate School of Management, where he
 continues to serve as a member of the Advisory Board.
 
     About Borders Group, Inc.
     Borders Group, Inc., is a leading global retailer of books, music, video
 and other information and entertainment items with stores in the United
 States, United Kingdom, Australia, New Zealand and Singapore.  Headquartered
 in Ann Arbor, Mich., Borders Group, Inc., is the parent company of Borders,
 Inc., which operates 284 Borders Books and Music stores in the United States,
 offering what is widely regarded as the broadest selection of books and
 multi-media titles available to consumers anywhere.  It is also the parent of
 Borders.com, an electronic commerce site that has access to nearly
 700,000 titles and over 10 million books, music and video items in stock and
 ready for immediate shipping from a state-of-the-art fulfillment and
 distribution center.  With cafe operations in nearly all of its stores,
 Borders, Inc., is one of the nation's largest specialty coffee retailers.
 Through Borders (UK) Limited, Borders Group, Inc., also operates 26 Books etc.
 and six Borders stores in the U.K.  In addition, Borders Group, Inc., owns
 Walden Book Company, Inc., which has approximately 900 Waldenbooks stores in
 malls, shopping centers and airports across the country.  Borders Group, Inc.,
 trades on the New York Stock Exchange under the symbol "BGP".
     To learn more about the Company, visit http://www.bordersgroupinc.com.
 For information on Borders stores, visit http://www.bordersstores.com.  For
 the ultimate on-line book, music and video shopping experience explore
 http://borders.com.
 
 

SOURCE Borders Group, Inc.
    ANN ARBOR, Mich., Nov. 15 /PRNewswire/ -- Borders Group, Inc. (NYSE:   BGP)
 announced today the appointment of Greg Josefowicz as President, Chief
 Executive Officer and member of the Board of Directors.  Mr. Josefowicz, age
 47, succeeds Robert DiRomualdo, who has been serving as the Interim President
 and Chief Executive Officer.  Mr. DiRomualdo will remain as Chairman.
     Mr. DiRomualdo said, "The Board of Directors and I are extremely pleased
 to have Greg Josefowicz join Borders.  Greg is a seasoned retailer who ran one
 of America's premier retail organizations and he will help us capitalize on
 the opportunities ahead.  Greg's strengths in marketing, merchandising,
 logistics, operations and, above all, human resources will make Borders Group
 an even stronger business in the future.  In addition, his experience in
 database management and e-commerce (as Peapod's Chicago affiliate) will serve
 to strengthen Borders.com.  I'm delighted that our businesses are currently
 performing very well across the board and with Greg's leadership we are
 confident that Borders can fulfill its mission as the world's best-loved
 provider of books, music and other entertainment, educational and
 informational products and services."
     Mr. Josefowicz said, "I am truly excited to be joining an organization and
 management team with a great heritage of retail success, innovation and
 spirit.  I look forward to continuing to build the strong brand images of
 Borders and Waldenbooks across multiple retail channels while meeting the
 needs of our customers."
     Mr. Josefowicz most recently served as President of Jewel-Osco, a division
 of Albertson's, Inc. (NYSE:   ABS).  With 271 locations, Jewel-Osco is a Midwest
 retailer operating both combination food and drug stores and freestanding drug
 stores.  Albertson's is one of the largest food-drug chains in the United
 States and recently completed its acquisition of American Stores, original
 parent company of Jewel-Osco.  Mr. Josefowicz served as President of
 Jewel-Osco since 1997 and previously served in myriad roles in merchandising,
 marketing and operations during his career there, which began as a high school
 student in 1968.  Mr. Josefowicz received the 1999 Illinois Retail Merchants
 Association Retailer of the Year award in September for his commitment to the
 retail industry and dedication to the community.  Mr. Josefowicz holds a
 bachelor's degree from Michigan State University and a master's degree from
 Northwestern University's Kellogg Graduate School of Management, where he
 continues to serve as a member of the Advisory Board.
 
     About Borders Group, Inc.
     Borders Group, Inc., is a leading global retailer of books, music, video
 and other information and entertainment items with stores in the United
 States, United Kingdom, Australia, New Zealand and Singapore.  Headquartered
 in Ann Arbor, Mich., Borders Group, Inc., is the parent company of Borders,
 Inc., which operates 284 Borders Books and Music stores in the United States,
 offering what is widely regarded as the broadest selection of books and
 multi-media titles available to consumers anywhere.  It is also the parent of
 Borders.com, an electronic commerce site that has access to nearly
 700,000 titles and over 10 million books, music and video items in stock and
 ready for immediate shipping from a state-of-the-art fulfillment and
 distribution center.  With cafe operations in nearly all of its stores,
 Borders, Inc., is one of the nation's largest specialty coffee retailers.
 Through Borders (UK) Limited, Borders Group, Inc., also operates 26 Books etc.
 and six Borders stores in the U.K.  In addition, Borders Group, Inc., owns
 Walden Book Company, Inc., which has approximately 900 Waldenbooks stores in
 malls, shopping centers and airports across the country.  Borders Group, Inc.,
 trades on the New York Stock Exchange under the symbol "BGP".
     To learn more about the Company, visit http://www.bordersgroupinc.com.
 For information on Borders stores, visit http://www.bordersstores.com.  For
 the ultimate on-line book, music and video shopping experience explore
 http://borders.com.
 
 SOURCE  Borders Group, Inc.

RELATED LINKS

http://www.borders.com