[AnemicOak]

B&N Names Demos Parneros CEO

Barnes & Noble has named Demos Parneros its new CEO, replacing Len Riggio who has held that position on an interim basis since Ron Boire was dismissed last August, after less than one year on the job.

Parneros joined B&N last November when he was named chief operating officer. Riggio praised Parneros in a March conference call with analysts discussing third quarter results. While saying he was enjoying his time as CEO, Riggio added that he thought Parneros was doing a great and should be considered a top candidate to be the new CEO.

Parneros said he will continue B&N's omnichannel approach to bookselling, but suggested that could undergo some changes. "Differrent retailers have different definitions of what omnichannel means," he said. But B&N will remain committed to offering its customers e-books through the Nook. "Selling e-books Is an important part of the end-to-end value proposition that we offer customers," he said.