Barnes & Noble Promotes Demos Parneros to Chief Executive Officer
April 27 2017 - 7:30AM
Business Wire
Barnes & Noble, Inc. (NYSE:BKS), today announced the
promotion of Demos Parneros to Chief Executive Officer and a member
of the Company’s Board of Directors, effective immediately.
Commensurate with the appointment of Mr. Parneros, Leonard Riggio
will step down as CEO and remain Chairman of the Board of
Directors.
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Barnes & Noble, Inc. today announced
the promotion of Demos Parneros to Chief Executive Officer and a
member of the Company's Board of Directors. (Photo: Business
Wire)
“It has become abundantly clear over the last five months that
Demos is a perfect fit for our Company and an outstanding choice
for Chief Executive Officer,” said Leonard Riggio. “He is highly
respected by our Board of Directors and our leadership team, and I
believe Demos is fully prepared to help foster a new era of growth
for Barnes & Noble.”
Mr. Parneros has been Chief Operating Officer of Barnes &
Noble since November 2016. He joined the Company with 30 years of
leadership experience in all aspects of retail management,
including operations, human resources, merchandising, e-commerce,
marketing and real estate. Prior to joining the Company, Mr.
Parneros served as President, North American Stores & Online at
Staples, Inc. He joined Staples in 1987 as a General Manager and
worked his way up the ranks through multiple management positions,
including Senior Vice President Mid-Atlantic Operations, President,
US Stores, President, US Retail, and President North American
Stores & Online, where he was responsible for a team of 50,000
associates and 1,800 stores and Staples’ online business. Mr.
Parneros has been a director of KeyCorp since January 2014 and a
director at Modell’s Sporting Goods since July 2009. He received
his B.S. from New York University and graduated from Harvard
Business School’s Advanced Management Program. He can be found on
the following social media platforms: Facebook, Instagram and
Twitter.
About Barnes & Noble, Inc.
Barnes & Noble, Inc. (NYSE:BKS) is a Fortune 500 company,
the nation’s largest retail bookseller, and a leading retailer of
content, digital media and educational products. The Company
operates 634 Barnes & Noble bookstores in 50 states, and one of
the Web’s premier e-commerce sites, BN.com (www.bn.com). The Nook
Digital business offers a lineup of popular NOOK® tablets and
eReaders and an expansive collection of digital reading and
entertainment content through the NOOK Store®. The NOOK Store
features more than 4.5 million digital books in the US
(www.nook.com), plus periodicals and comics, and offers the ability
to enjoy content across a wide array of popular devices through
Free NOOK Reading Apps™ available for Android™, iOS® and
Windows®.
General information on Barnes & Noble, Inc. can be obtained
by visiting the Company's corporate website at
www.barnesandnobleinc.com.
Barnes & Noble®, Barnes & Noble Booksellers® and Barnes
& Noble.com® are trademarks of Barnes & Noble, Inc. or its
affiliates. NOOK® and the NOOK logos are trademarks of Nook
Digital, LLC or its affiliates.
For more information on Barnes & Noble, follow us on
Twitter, Instagram, Pinterest and Snapchat (bnsnaps), and like us
on Facebook. For more information on NOOK, follow us on Twitter and
like us on Facebook.
BKS - Financial
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version on businesswire.com: http://www.businesswire.com/news/home/20170427005220/en/
Barnes & Noble,
Inc.Media:Mary Ellen
Keating, 212-633-3323Senior Vice PresidentCorporate
Communicationsmkeating@bn.comorInvestors:Andy Milevoj, 212-633-3489Vice
PresidentInvestor Relationsamilevoj@bn.com
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