Blockbuster Announces Board of Directors Changes

Jay Fitzsimmons Added to 2010 Annual Stockholders' Meeting Slate of Director Nominees Company Appoints Secretary and General Counsel

DALLAS // PRNewswire-FirstCall // -- James W. Keyes, Chairman and Chief Executive Officer of Blockbuster Inc. (NYSE: BBI, BBI.B), a leading global provider of media entertainment, today announced that Joseph "Jay" Fitzsimmons will stand for election to the Blockbuster Board of Directors at the Company's 2010 Annual Stockholders' Meeting, which is scheduled to occur on May 26, 2010 in Dallas, Texas. Blockbuster intends to announce its full slate of 2010 Director nominees, which will include Fitzsimmons, during the week of March 15, 2010. Mr. Keyes also noted that Jackie Clegg tendered her resignation from the Company's Board of Directors, effective March 5, 2010.

Fitzsimmons has been nominated to fill the seat vacated by former Director Carl Icahn, who, as previously reported, resigned in January. Fitzsimmons has served as Senior Vice President, Finance and Treasurer of Wal-Mart Stores, Inc. and Chief Financial Officer for Wendy's International, Inc. and a member of the board and audit committee of the Federal Reserve Board of St. Louis. He is currently a board and audit committee Member of Mexican Restaurants Inc. and an advisory board member of The University of Chicago's Graduate School of Business.

"Jay's many years of experience as an executive and director will offer Blockbuster valuable financial insight and retail experience. We believe the Board of Directors will benefit and be strengthened by his qualities," Mr. Keyes stated.

In tendering her resignation, Clegg, who has served as an independent member of the Blockbuster Board of Directors for the past six and a half years, stated that her decision was difficult and based on personal decisions to pursue other business and public service opportunities. She also stated that she has no doubt the Blockbuster Board of Directors will take advantage of opportunities that are presented and the Company will flourish in the future.

Mr. Keyes concluded, "On behalf of Blockbuster, our Board of Directors and key stakeholders, I want to thank Jackie for her loyal and dedicated service as a Director of Blockbuster. Her leadership has played an integral role in the Company's transformation. We wish her continued success."

In addition, the Company announced that Rod McDonald, who joined Blockbuster in 2008, has been appointed secretary and general counsel by the Company's Board of Directors. Prior to his appointment, McDonald served as the Company's vice president and associate general counsel for corporate and securities. In his new role McDonald will report to Blockbuster's Chairman and Chief Executive Officer, James W. Keyes. Prior to joining Blockbuster, McDonald served as general counsel for Pizza Inn, Inc. and Brinks Home Security, Inc.

About Blockbuster Inc.

Blockbuster Inc. is a leading global provider of rental and retail movie and game entertainment. The company provides customers with convenient access to media entertainment anywhere, any way they want it – whether in-store, by-mail, through vending kiosks or digitally to their homes and mobile devices. With a highly recognized brand and a library of more than 125,000 movie and game titles, Blockbuster leverages its multichannel presence to serve nearly 47 million global customers annually.

SOURCE Blockbuster Inc.



comments powered by Disqus

Franchise News Room »

News By Industry »

Featured Opportunities

Gloria Jean's Coffees
Gloria Jean's is known for its range of boldly flavored coffees and signature beverages. For nearly four decades, we have continued to innovate and...
Del Taco
Del Taco, one of the nation's largest Mexican quick-serve chains, first opened in 1964 serving up freshly prepared Mexican menu items such as tacos...
Lightbridge Academy
Lightbridge Academy has a way of making parents and children feel like they’re special. Here, they are surrounded by a Circle of Care that’s more...
Capriotti's Sandwich Shop
Capriotti's has mastered the art of sandwich making since 1976, achieving over 250 awards & counting. Our fans & franchise community agree,...
Scooter's Coffee
The success of the Scooter's Coffee franchise is based upon a commitment to quality products, fast and accurate service, and always delivering...
Share This Page

Subscribe to Express

A Franchise Update Media Production
Franchise Update Media
P.O. Box 20547
San Jose, CA 95160
PH. (408) 402-5681
In Loving Memory Of Timothy Gardner (1987-2014)

Copyright © 2001 - 2018.
All Rights Reserved.