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Barnes & Noble fires its CEO

Ronald D. BoireBarnes & Noble, Inc. determined that Ronald D. Boire was not a good fit for the organization and that it was in the best interests of all parties for him to leave the company.
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Mr. Boire served as President and Chief Executive Officer, and a member of the Board of Directors, Sears Canada.

Prior to serving as President & Chief Executive Officer of Sears Canada, Inc., Mr. Boire had a broad range of experience in retail and technology. He held the position of Executive Vice President, Chief Merchandising Officer and President, Sears and Kmart Formats at Sears Holdings (SHLD).

Mr. Boire also served in other executive positions including President and CEO at Brookstone, Inc. While at Toys “R” Us he served as President, North America from 2006 through 2009.

He was Executive Vice President, Global Merchandise Manager for Best Buy (BBY), responsible for managing Best Buy’s U.S. Business Teams, global technology and vendor management, global sourcing and private label development.

Before working at Best Buy, Mr. Boire served in a variety of increasingly senior roles during a 17-year career at Sony Electronics, Inc., including President of Sony’s Personal Mobile Products Company, where he was responsible for Sony’s Audio and Mobile Electronics products in the U.S., and President of the Consumer Sales Company responsible for sales and distribution in the U.S.

Mr. Boire has dual MBAs from Columbia Business School and London Business School.

The Company also said that its Executive Chairman, Leonard Riggio, who was scheduled to retire at the close of the Company’s Annual Meeting on September 14, will postpone his retirement until a later date.



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