Blockbuster Considers Switching CEO

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Blockbuster, (BBICP) the movie-rental chain that filed for bankruptcy last month, may have a new CEO by the end of the year.

The company has agreed to hire a headhunter to look for new blood once it emerges from bankruptcy protection, The Wall Street Journal said without naming its sources.

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Some creditors are unhappy with the performance of current CEO Jim Keyes, and want to find candidates who can move the company into digital businesses.

Still, Keyes, who was appointed in 2007, remains a candidate to continue leading the company.

Blockbuster's senior bondholders must approve the CEO choice by Dec. 31 under the terms of a restructuring deal.


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