Blockbuster Inc. Names Thomas M. Casey EVP & Chief Financial Officer

By: Blockbuster Video | 13 Shares 1,526 Reads

DALLAS, Sept. 12 // PRNewswire-FirstCall // -- Blockbuster Inc. (NYSE: BBI)(NYSE: BBI.B) today announced the appointment of Thomas M. Casey as the company's new Executive Vice President and Chief Financial Officer (CFO).

Most recently a managing director for Deutsche Bank Securities, Inc., Casey was responsible for the bank's retail industry relationships in North America and, in that capacity over the course of the past nine years, served as a strategic financial advisor to some of the world's largest companies in the retail entertainment, food and drug, convenience store, food wholesale and foodservice industries.

Prior to Deutsche Bank, Casey held investment banking positions with Citigroup, Merrill Lynch, and Dillon Read & Co.

"Throughout his more than 20-year career, Tom has been instrumental in helping some of the world's largest companies successfully formulate their financial and strategic business plans for the future," said Jim Keyes, Blockbuster Chairman and CEO. "We are very excited to have Tom join our executive team and believe he will contribute significantly to our efforts to pursue the profitable transformation of Blockbuster from a video retailer into a completely convenient source for media entertainment."

In his new position, Casey will have responsibility for Blockbuster's financial, accounting and internal audit functions.

Casey earned a Bachelor of Science degree from the U.S. Naval Academy, served as an officer in the U.S. Navy and received his MBA from Harvard Business School.

As of the end of September, Larry Zine, Executive Vice President, Chief Financial Officer and Chief Administrative Officer, who has been with the company since 1999, will be retiring from Blockbuster.

"We appreciate Larry's leadership and his many contributions to Blockbuster over the past eight years," said Keyes.

About Blockbuster
Blockbuster Inc. (NYSE: BBI)(NYSE: BBI.B) is a leading global provider of in- home movie and game entertainment with more than 7,800 stores throughout the Americas, Europe, Asia and Australia. The company may be accessed worldwide at http://www.blockbuster.com/.

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SOURCE: Blockbuster Inc.