Shepherd joined Blockbuster in 1995 as managing director of the company's UK business and subsequently served in several executive positions including senior vice president international, chief marketing and merchandising officer, and president worldwide stores. Jim Keyes, chairman and CEO, said: "The Board of directors and I greatly appreciate the leadership Nick has provided to the company and the major role he has played in helping us lay the foundation for the transformation of Blockbuster from a video retailer into a company that provides completely convenient access to media entertainment. I am personally grateful for Nick's support during my early days here at the company and wish him well in his new endeavors."