Barnes & Noble Inc. has added Ann-Marie Campbell and Paul
Guenther to its board as independent directors ahead of the
company's separation of its retail and college businesses.
The company expects that at least one of the board's current
members will resign and join the board of its college-bookstore
business.
Ms. Campbell is president of the southern division of Home Depot
Inc. She also serves on the boards of Potbelly Corp. and Catalyst
Inc.
Mr. Guenther is the director of Guardian Life Insurance and
chairman of Atlanta-based Community & Southern Holdings. He was
formerly president of PaineWebber Group Inc., a stockbrokerage
firm, and is on the board of Fordham University.
Barnes & Noble, the nation's largest retail bookseller,
plans to spin off its college bookstore business into a separate
publicly traded company by the end of August. Its Nook e-book
business, which had been slated to be spun out as well, will stay
with the core retail stores group, which also includes
BarnesandNoble.com.
The proposal for a tax-free spinoff of the college bookstore
business comes as Barnes & Noble's 649 consumer stores appear
to have stabilized. Over the last 12 months, the retailer has
placed greater emphasis on in-store events that have driven traffic
to its stores.
Write to Angela Chen at angela.chen@dowjones.com
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