Circuit City Stores, Inc. the leading specialty retailer of consumer electronics and related services today announced here of its nomination of Mr. Bruce H. Besanko as the next Executive Vice President and Chief Financial Officer with effect from July 30, 2007.

The Circuit City initiated its journey in 1949, when Samuel Wurtzel opened Virginia's first retail television store Ward's—Richmond with the sole objective of providing the community with a new technology for changing the face of consumer electronics forever. Within a period of 50 years the company with 643 stores and diversified business network is a Fortune 200 Company and the third largest consumer electronics retailer in the United States.  Circuit City's domestic segment operating in 12 other locations in the U.S. and its Superstores range in size from 15,000 to 45,000 square feet (1400 to 4000 m²) through an offering of a large selection of brand-name consumer electronics, personal computers and entertainment software. The Company’s international segment is operated through over 800 retail stores and dealer outlets in Canada. The escalating scenario of business confides the Circuit City in developing its technologies and solutions to make life easier and enjoyable through latest technological innovations.

It has come to the knowledge that just before his impending venture with the Circuit City, Bruce H. Besanko, happened to be the senior vice president and the finance and chief financial officer for The Yankee Candle Company, Inc., a prominent organization in the field of designing, manufacturing, wholesaling and retailing of scented candles of high quality from the month of April in the year 2005. in that very Company he was accountable for the effective management of all areas that include the most important areas like  finance, accounting, internal audit, lease administration, information systems and investor relations. Not only this, his career graph demonstrates similar high profile positions for many a times. In the Best Buy Co., Inc., the noteworthy retailer of consumer electronics, home office products, entertainment software, appliances and related services he served as Vice President, Finance from the period ranging from 2002 to 2005. In addition, he had also held several financial leadership positions of repute and increasing responsibility from 1996 to 2002 in the hardlines business at Sears, Roebuck & Co., a retailer of home merchandise, apparel and automotive products and related services. Before this he was associated with the Atlantic Richfield Company, a global oil and gas enterprise, where he was designated in various finance, accounting and treasury positions of repute from 1992 to 1996. As far his educational qualification is concerned, Besanko is high educated person with a Master Degree in Business Administration with specialization in Finance from the University of Chicago. Prior to that he had his degree in Bachelor of Arts from the University of Cincinnati.

Speaking on the appointment of Bruce H. Besanko Philip J. Schoonover, chairman, president and chief executive officer of Circuit City Stores, Inc. said, "Bruce is an analytical, results-oriented CFO who combines a solid track record in managing finance operations with consumer electronics retailing experience." "His background and experience will be a valuable addition to our senior leadership team," he concluded.