Barnes & Noble Inc. has fired Chief Executive Demos Parneros, citing company policy violations. The bookseller said Tuesday that Parneros won’t receive any severance pay and that he is no longer a board member. Barnes & Noble didn’t disclose what rules Parneros may have violated, but said the decision wasn’t tied to any disagreement over financial reporting or any potential fraud. A group of current executives, including Chief Financial Officer Allen Lindstrom, will share CEO duties on a temporary basis until a replacement to Parneros is hired, the company said.
Barnes & Noble fired its chief executive for violating the company’s policies, the company said on Tuesday without specifying the policies https://t.co/z27AtTd5U3
— The New York Times (@nytimes) July 3, 2018