Circuit City's Schoonover resigns

FROM TWICE: Marcum to be acting CEO, president

By TWICE staff -- Video Business, 9/22/2008

SEPT. 22 | FROM TWICE: Circuit City’s chairman, president and CEO Phil Schoonover has agreed to step down from those positions, effective immediately. He has also resigned as company director.

James A. Marcum, recently appointed vice chairman, will serve as acting president and CEO.

The board of directors also elected Allen B. King, former chairman of Universal Corporation, as its chairman.

Read the full story on TWICE.com.

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