Barnes & Noble Inc., as it prepares to split up its
business, said Thursday that Sears Canada Inc. Chief Executive
Ronald D. Boire will lead its retail business, while current Chief
Executive Michael P. Huseby will become executive chairman of its
college books spinoff.
Barnes & Noble in February announced plans to separate its
education arm. The company had earlier planned to spin off its
struggling Nook business but that plan was later scrapped. Nook
remains part of the core retail group, which also includes the
company's online sales.
Mr. Huseby, who joined Barnes & Noble in 2012, will remain
the company's chief executive until the split-up, expected by the
end of August.
He will then become executive chairman of Barnes & Noble
Education, which will have separate board.
Mr. Boire, who has held positions at Sears Holdings Corp.,
Brookstone Inc. and Best Buy, will assume his position as head of
the retail division on Sept. 8.
Write to Chelsey Dulaney at Chelsey.Dulaney@wsj.com
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