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Barnes & Noble fires CEO Parneros

Published 07/03/2018, 05:00 PM
© Reuters.  Barnes & Noble fires CEO Parneros
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  • Barnes & Noble (NYSE:BKS) says it terminated CEO Demos Parneros for "violations of the company’s policies."
  • Without providing further details, BKS says Parneros will not receive any severance payment and is no longer a member of the company’s board.
  • The company appoints a leadership group to share CEO duties until a new leader is named: CFO Allen Lindstrom, Chief Merchandising Officer Tim Mantel and VP of Stores Carl Hauch, with assistance from Executive Chairman Leonard Riggio.
  • Parneros joined BKS in 2016 as COO after serving as president of North American stores at Staples and was promoted to CEO in April 2017.
  • Now read: Tractor Supply Company (NASDAQ:TSCO): Add It To Your Cart, But Don't Click The 'Check Out' Button


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