Borders Group Names Anne Frazer Senior Vice President, Merchandise Planning, Replenishment and Allocation

ANN ARBOR, Mich.— Borders Group, Inc. has appointed Anne Frazer to the new position of senior vice president, merchandise planning, replenishment and allocation, effective today.

In her position, Frazer is responsible for building, transforming and leading the planning, replenishment and allocation function within Borders, including creating a world-class team that supports the company’s broader goals of growth and high standards of customer service through inventory management best practices. She reports to Rob Gruen, executive vice president of merchandising and marketing.

Prior to joining Borders, Frazer served as vice president of inventory planning and replenishment for The Home Depot, where she led initiatives to improve inventory management and replenishment in the company’s more than 1,900 U.S. stores. From 2002 until 2006, Frazer worked for Toys “R” Us, progressing through a series of senior-level positions starting with director of supply chain strategy, then vice president, merchandise flow, and finally, vice president, merchandise planning and allocation. Prior to Toys “R” Us, Frazer was employed by Booz Allen Hamilton from 1995 through 2002, where she began as an associate and was ultimately promoted to principal.

“We’re delighted to welcome Anne to Borders,” said Gruen. “She has significant merchandise planning, inventory management and supply chain strategy experience, and she has a demonstrated track record for driving results. Her skill at managing teams in a retail environment, complemented by seven years of experience as a strategy consultant across a variety of industries, makes Anne uniquely qualified for this new post. She will play a significant role in helping us implement our strategic plans.”

“I’m excited to come on board at a time when Borders is clearly driving change to revitalize and ultimately reinvent itself,” Frazer said. “I’m eager to transform the inventory management function to both support and enhance the company’s growth and its innovative and customer service-driven culture.”