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Blockbuster Makes Board Changes

15 Mar, 2010 By: Erik Gruenwedel

Blockbuster Inc. March 15 said it added a former senior executive with Wal-Mart to a revised slate of board of directors to be put before shareholders at the Dallas-based company’s annual meeting May 26.

Joseph “Jay” Fitzsimmons, former SVP, finance and treasurer with Wal-Mart and CFO with Wendy’s International, was nominated to the board by Blockbuster CEO James Keyes, according to a regulatory filing.

Fitzsimmons is expected to take the seat of activist investor Carl Icahn, who resigned from the board in January.

The veteran rental brand also said that Jackie Clegg, a member of the board for six-and-a-half years, tendered her resignation, effective March 5.

Finally, Blockbuster announced that Rod McDonald, who joined Blockbuster in 2008, has been promoted to secretary and general counsel.

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