Barnes & Noble Says CEO Boire 'Not a Good Fit' and Will Step Down
August 16 2016 - 5:40PM
Dow Jones News
Barnes & Noble Inc. said Chief Executive Ronald Boire is
leaving the company after its board determined that he "was not a
good fit."
Former CEO Leonard Riggio, who is executive chairman, will
postpone his retirement, the company said.
The bookstore chain said it would begin searching for a new CEO
immediately. Barnes & Noble had tapped Mr. Boire to take over
as CEO in July 2015, saying it would pull him from the top
executive spot at Sears Canada Inc.
Mr. Boire didn't have experience in bookselling, but he has an
extensive background in retail at Sears, Brookstone Inc., Toys "R"
Us Inc. and Best Buy Co. He had started with Barnes & Noble in
September.
Write to Josh Beckerman at josh.beckerman@wsj.com
(END) Dow Jones Newswires
August 16, 2016 17:25 ET (21:25 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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