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Barnes & Noble fires CEO, labeling him 'not a good fit'

The board of book store chain Barnes & Noble announced Tuesday that it has ousted CEO Ronald D. Boire, saying he “was not a good fit for the organization."

Boire, who had been on the job less than a year, will be replaced by Executive Chairman Leonard Riggio, the company announced. Riggio formerly served as Barnes & Noble CEO and had planned to stay until Sept. 14, but he has now postponed retirement until a permanent successor can be found. The company said the search for a replacement will begin immediately.

Barnes and Noble's board didn't give a more specific reason for Boire's departure, adding only that "it was in the best interests of all parties for him to leave the company.”