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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Sears Holdings Corporation (CE) | USOTC:SHLDQ | OTCMarkets | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
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0.00 | 0.00% | 0.10 | 0.00 | 01:00:00 |
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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