More changes at Borders Group, where the U.S. branch of the Paperchase the stationery subsidiary, which has headquarters in London, has undergone a reorganization:
- Jim Frering is joining the company as v-p, Paperchase U.S. operations. He formerly worked at Linen 'N Things for 10 years, most recently as corporate v-p, financial and merchandise planning and control.
- Paperchase U.S. president Dick Lynch is leaving the company.
- Teresa Wright, v-p, Paperchase U.S. merchandising, is being reassigned to the Borders Group merchandising-non-book buying team. She will be supported by the U.S. merchandising organization while continuing to work closely with the Paperchase U.K. product development and buying team.
There are currently 335 Paperchase shops in Borders stores in the U.S. and some 120 Paperchase stores outside the U.S.
In a statement, Borders CEO Ron Marshall explained the changes: "Paperchase is a great brand and a successful business in the U.K. that has further growth potential in the U.S. through the continued expansion of the shops within our Borders superstores as well as through further improvement in the efficiency and effectiveness of how we operate the business here. By creating a closer connection between the U.K. leadership and our U.S. team, we'll be in the best position to take advantage of these opportunities."