Indigo Books & Music experienced a surge in its stock price after announcing that founder Heather Reisman will be returning to lead the company following a brief retirement. At 11:23 a.m. ET, shares were trading nearly 19% higher at 1.60 Canadian dollars ($1.18) a share.
Reshuffling the C-Suite
In a recent board meeting, Reisman was appointed as the new CEO, marking a significant change in the company's leadership. This announcement follows the departure of Peter Ruis as CEO earlier this month. Last year, Ruis took over the role from Reisman, who transitioned to the position of executive chair. Additionally, Andrea Limbardi succeeded Ruis as president.
New Chair of the Board
Markus Dohle, who has been part of the Indigo board since June, will now assume the role of chair of the board of directors. Dohle brings extensive experience from his previous position as CEO of Penguin Random House, where he worked for 15 years.
Strengthening the Leadership Team
In addition to these changes, Indigo has appointed Craig Loudon, currently serving as chief financial officer, to the role of chief operating officer. Loudon will continue to fulfill his CFO responsibilities and lead the finance team.
Our Latest News
S-Oil, the South Korea-based oil refiner, is set to release its third-quarter results. Analysts predict a potential turnaround and recovery in earnings, with a...
Allergy Therapeutics faced challenges in fiscal 2023 as its revenue declined, leading to an operating loss. The company's manufacturing capacity for clinical tr...
Bitcoin and other cryptocurrencies face a decline amidst a broader market sell-off. Analysts believe further decline is inevitable.