By Adriano Marchese
Shares of Indigo Books & Music rose on Monday after the company said that its founder Heather Reisman will return to lead the company after a brief retirement.
At 11:23 a.m. ET, shares were trading nearly 19% higher at 1.60 Canadian dollars ($1.18) a share.
The book and lifestyle retailer’s board named Reisman CEO amid a C-suite reshuffle.
Earlier this month, Peter Ruis stepped down as CEO. In September of last year, Ruis took over the role from Reisman who became executive chair, while Andrea Limbardi succeeded Ruis as president.
Markus Dohle, chair of the board’s human resources, compensation and governance committee, will take over as of chair of the board of directors. He has been with the Indigo board since June, and prior to that worked for 15 years as CEO of Penguin Random House.
Indigo also appointed Craig Loudon, its chief financial officer, to the role of chief operating officer. He will continue to act as the CFO and lead the finance team and responsibilities.
Write to Adriano Marchese at [email protected]
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