Blockbuster Seeks New CEO: WSJ
Bankrupt Blockbuster Inc. has reportedly hired a senior executive recruiter firm aimed at possibly replacing CEO Jim Keyes by the end of the year. Los Angeles-based Korn/Ferry International has been retained to fill key senior executive positions, including CEO, according to a report in The Wall Street Journal. Any switch in the chief executive position at Blockbuster would have to be approved by the bankruptcy court, in addition to senior lenders such as former board member Carl Icahn. Dallas-based Blockbuster filed a pre-packaged Chapter 11 filing Sept. 23 listing debts in excess of $900 million.