Circuit City Stores, Inc. Announces Departure of Michael L. Jones
October 04 2006 - 11:00AM
PR Newswire (US)
William E. McCorey, Jr. to Succeed Jones as Chief Information
Officer RICHMOND, Va., Oct. 4 /PRNewswire-FirstCall/ -- Circuit
City Stores, Inc. today announced that Michael L. Jones has decided
to step down as senior vice president, chief information officer to
pursue other interests, effective immediately. He will remain at
the company until mid-November to transition his duties to his
replacement. William E. McCorey, Jr. has been promoted to senior
vice president and will replace Jones as chief information officer.
McCorey, 48, has worked at the company in a variety of information
technology leadership roles from 1991 to 2005. He served as the
chief information officer at 2nd Swing, Inc. for a brief period,
then rejoined Circuit City Stores, Inc. in April 2005. Since that
time, he has served as vice president, business applications, with
responsibility for implementing large scale retail applications,
including the company's new point of sale system and the
merchandising systems transformation. "I wish to thank Mike for his
leadership and many contributions. He was an instrumental part of
the turnaround efforts at Circuit City over the last three years,"
said Philip J. Schoonover, chairman, president and chief executive
officer of Circuit City Stores, Inc. "I appreciate his dedication
to ensuring a seamless transition of his current responsibilities
and wish him all the best in his future endeavors. "I am proud to
be part of Circuit City's strong leadership team. I feel confident
that our work to transform our company and systems is on track,
making this a natural time for me to explore other business
opportunities. I am also delighted to have such a capable and ready
replacement in Bill McCorey. One of my rewards has been witnessing
Bill's growth and leadership over the years," said Jones. "In
Bill's 15 years of experience with Circuit City, he has
demonstrated repeated success through implementing major IT
solutions, including his recent leadership with the company's
enterprise data warehouse, point of sale system and merchandising
systems transformation, while optimizing our legacy systems," said
Schoonover. About Circuit City Stores, Inc. Circuit City Stores,
Inc. is a leading specialty retailer of consumer electronics and
related services. At August 31, the domestic segment operated 632
Superstores and five other locations in 158 U.S. media markets. At
August 31, the international segment operated through 949 retail
stores and dealer outlets in Canada. Circuit City also operates Web
sites at http://www.circuitcity.com/, http://www.thesourcecc.ca/
and http://www.firedog.com/. (Logo:
http://www.newscom.com/cgi-bin/prnh/20010709/CCLOGO )
http://www.newscom.com/cgi-bin/prnh/20010709/CCLOGO
http://photoarchive.ap.org/ DATASOURCE: Circuit City Stores, Inc.
CONTACT: Bill Cimino, Director of Corporate Communications,
+1-804-418-8163, Corey Benjamin, Investor Relations,
+1-804-527-4033, or Jessica Clarke, Investor Relations,
+1-804-527-4038, all of Circuit City Stores, Inc. Web site:
http://www.circuitcity.com/ http://www.thesourcecc.ca/
http://www.firedog.com/
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