INDIGO CONFIRMS FULL LEADERSHIP TEAM AND LOOKS FORWARD WITH OPTIMISM TO 2024

TORONTO, Dec. 29, 2023 /CNW/ - As we prepare to turn the final pages on 2023, and start a fresh chapter in 2024, Indigo Books & Music Inc. is pleased to highlight the leadership in place to help drive the organization's mission to 'inspire reading and enrich lives' in all of Canada. Together, with our 5000+ employees from coast to coast, we look forward to adding a little joy to our customers' lives, each time they interact with us.

At the Board level, Markus Dohle, the former global Chief Executive Officer of Penguin Random House, serves as Chair of the Board. Eileen Naughton, former Chief People Officer at Google and a member of Indigo's Board, now serves as Chair of the Human Resources, Compensation and Governance Committee. Donald Lewtas, a former Managing Director at Onex Corporation, continues to serve as Chair of the Company's Audit Committee.

At the Executive level, Indigo is led by Heather Reisman, Chief Executive Officer, who continues to drive the Company forward with the same passion for booklovers, writers and publishers as she did when she founded Indigo 26 years ago. She is joined by an experienced and dedicated leadership team with deep commitment to Indigo. The team was recently further strengthened with the addition of Iain Kennedy, who until recently was Chief Technology Officer at Canadian Tire. Further information on Indigo's Board members and Executive team can be found at www.indigo.ca.

Finally, at a recent event focused on the future vision of Indigo, Heather Reisman was asked a question about what Indigo has done to address past Board resignations and the allegations of mistreatment by a former Board member. The Company had already spoken on these matters in its press release dated June 7, 2023. As the press release confirms, the concerns raised by the former Board member, Dr. Oriuwa, as her reasons for resigning were brought to the attention of Indigo's Board at the time of her resignation. Indigo and Ms. Reisman have not and will not comment further on these matters. 

About Indigo Books & Music Inc.
Indigo is a publicly traded Canadian company listed on the Toronto Stock Exchange (IDG). Indigo is Canada's leading book and lifestyle retailer, offering a curated assortment of books, gifts, home, wellness, fashion, paper, baby and kids products, that support customers by simplifying their journey to Living with Intention. The Company operates retail stores in all ten provinces and one territory in Canada, and also has retail operations in the United States through a wholly-owned subsidiary, operating one retail store in Short Hills, New Jersey. Retail operations are seamlessly integrated with the Company's digital channels, including the www.indigo.ca website and the mobile applications, which are extensions of the physical stores and offer customers an expanded assortment of book titles, along with a meaningfully curated assortment of general merchandise. Indigo believes in real books, in living life fully and generously, in being kind to each other and that stories – big and little – connect us.

The Company supports a separate registered charity, called the Indigo Love of Reading Foundation (the "Foundation"), which is committed to addressing educational inequality, and more specifically, the literacy crisis in Canada. The Foundation provides resources including new books and learning materials, training and year-round curation support to help ensure teachers, education staff, school administrators and other key stakeholders have the tools they need to promote literacy in their communities. With the support of the Company, its customers, employees, and suppliers, the Foundation has committed over $35.0 million to more than 1,000,000 students across Canada since 2004.

To learn more about Indigo, please visit the "Our Company" section of indigo.ca

SOURCE Indigo Books & Music Inc.

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