Barnes & Noble CEO Ronald D. Boire dismissed; Leonard Riggio postpones retirement
Struggling bookseller Barnes & Noble says its chief executive officer is departing after just a year in office.
The company’s board says it determined Ronald D. Boire was not a good fit for the company and it is in the “best interests of all parties” for him to step down. The company did not give specifics.
Executive Chairman and former Chief Executive Leonard Riggio, who was scheduled to retire on Sept. 14, will postpone his retirement. A search for a new chief executive will begin immediately.
Barnes & Noble is working on a turnaround plan involving cutting costs and closing stores after years of weak results as more people shop for books online and at discount stores.
Boire previously served as chief executive of Sears Canada.
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