Borders has announced the names of the new directors who will replace the five outgoing board members. The five new directors are: Paul J. Brown, president, Global Brands and Commercial Services, Hilton Hotels Corp.; Ronald J. Floto, president, FLT International LLC; Michael Grossman, CEO, Tempo Payments; Dan Rose,v-p business development and monetization, Facebook and Timothy V. Wolf, chief integration officer, MillerCoors LLC. The new members will be elected at the September 17 meeting and join board chairman Mick McGuire, Borders Group CEO Ron Marshall and lead independent director Mike Archbold on the board.