CHARLOTTE, N.C., July 25 NC-Baker&Taylor-CFO
CHARLOTTE, N.C., July 25 /PRNewswire/ -- Baker & Taylor, Inc., the world's
largest wholesale distributor of books and entertainment products, today
announced that James C. Melton, Executive Vice President & Chief Financial
Officer, has decided to leave the company. Baker & Taylor will immediately
begin a search for a successor. Mr. Melton has agreed to remain with the
company during a transition period.
"James has made many outstanding contributions at Baker & Taylor and we
appreciate his dedication to the success of our company. He will be missed,
and we wish him every success for his future," said Tom Morgan, Baker & Taylor
Chairman and CEO.
Melton joined Baker & Taylor in May 2004 and was appointed Chief Financial
Officer in October 2006.
Arnie Wight, President, said "James has been a key member of the
management team that has driven the company's growth over the last several
years and his hard work and motivation have been a factor in our success."
About Baker & Taylor, Inc.
Baker & Taylor, Inc. (www.btol.com) is a global information and
entertainment services company that offers books, videos, music, games and
services to libraries, educational institutions, and retailers. Based in
Charlotte, N.C., the company has been in existence for over 180 years,
developing long-term relationships with major suppliers, including book
publishers, movie studios, and music labels. Baker & Taylor maintains one of
the largest combined in-stock book, video and music inventories in the United
States, and services the broadest customer base in the industry. Baker &
Taylor is majority owned by Castle Harlan Partners IV, L.P., a leading private
equity investment firm.
About Castle Harlan
Castle Harlan, a leading private equity investment firm founded in 1987,
acquired Baker & Taylor in July 2006. It invests in controlling interests in
the buyout and development of middle-market companies in North America,
Europe, and, together with CHAMP Private Equity, Australasia. Since inception,
Castle Harlan has invested in 49 companies representing more than $9 billion
in enterprise value. Castle Harlan's current portfolio companies, which employ
more than 42,000 people, include AmeriCast Technologies, a leading designer
and manufacturer or large, complex steel castings used in minim trucks,
locomotives and energy equipment; Ames True Temper, a leading manufacturer of
lawn and garden tools and accessories, and Anchor Drilling Fluids USA, Inc.,
the nation's largest independent provider of drilling fluids and
fluid-handling services for onshore oil and gas drilling.
SOURCE Baker & Taylor, Inc.
