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Baker & Taylor Names Thomas Morgan Chairman and Chief Executive

Baker & Taylor, Inc.( 07/01/2008 )

CHARLOTTE, NC, July 1, 2008 - Baker & Taylor, Inc., the world's largest wholesale distributor of books and entertainment products, announced today that Thomas I. Morgan has been named Chairman and Chief Executive Officer, effective July 7, 2008.

Most recently, Morgan had been President and CEO of Hughes Supply, Inc., in Orlando, Florida, a large distributor of construction supplies. While at Hughes, he significantly strengthened the company's operations, growing Hughes' sales from $3 billion to $5.3 billion and implementing operating disciplines. Hughes was sold to Home Depot in 2006 for $3.6 billion.

Before joining Hughes, Morgan had been the CEO of U.S. Office Products Company and had spent 22 years with Genuine Parts Company, the largest member and majority owner of National Automotive Parts Association (NAPA), in various executive positions including as the Executive Vice President of S.P. Richards, a $1.1 billion Genuine Parts subsidiary.

Morgan said, "I am excited to be joining the existing senior management team at Baker & Taylor and continuing to build upon the core strengths of the Company with its leading service offering to libraries and retail customers in the U.S. and abroad."

Gary Appel, Vice Chairman of Castle Harlan, Inc., the New York private equity firm that owns the controlling interest in Baker & Taylor, said "Tom Morgan joins Baker & Taylor with a strong background as a leader of some of the country's largest and best recognized distribution businesses which will enhance our senior management and allow us to accelerate our strategic plans."

About Baker & Taylor, Inc.
Baker & Taylor, Inc. ( 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.

Media Contact:
Jenny Johnson
Baker & Taylor, Inc.
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