Barnes & Noble Appoints Sears Canada's Executive Ronald Boire As CEO

(RTTNews) - Barnes & Noble Inc. (BKS) announced that Ronald Boire has been named Chief Executive Officer of the company's Retail business, effective September 8, 2015. Boire is currently President and CEO, and a member of the Board of Sears Canada (SCC.TO, SRSC).

Sears Canada Inc. (SCC.TO, SRSC) said its Board will commence a search for a new President and CEO. Brandon Stranzl, Chairman of the Board of the Corporation, has been named Executive Chairman of Sears Canada, effective immediately, to provide enhanced leadership during the transition.

Barnes & Noble plans to separate its College and Retail businesses into two public companies. Once the spinoff of Barnes & Noble Education is completed, Boire will become the CEO of Barnes & Noble, Inc., which will include the Retail and NOOK units. Michael Huseby, who currently serves as CEO of Barnes & Noble, Inc., will become Executive Chairman of Barnes & Noble Education.

Barnes & Noble also announced that Jaime Carey, Chief Merchandising Officer, has been promoted to Chief Operating Officer, effective immediately.