DALLAS, March 15 /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. The company may be
accessed worldwide at www.blockbuster.com.
SOURCE Blockbuster Inc.
