Barnes & Noble boots CEO

       Ron Boire

Barnes & Noble (NYSE:BKS) has fired CEO Ron Boire barely one year into his tenure, saying he "was not a good fit for the organization and that it was in the best interests of all parties for him to leave the company."

Executive Chairman Leonard Riggio was scheduled to retire after the company's annual shareholder meeting on September 14, but will now postpone his retirement until a later date.

Riggio and other members of the executive team will share the CEO's duties while the executive search is underway.

Boire joined Barns & Noble on September 8 and oversaw the sale of the company's college bookstore division. He also launched a modernization program that emphasized the store's membership program, enhanced its social media presence and began to create a more experiential retail environment.

Four new concept stores that include restaurants are planned to open in the next year, with the first in October in Eastchester, New York.

Boire spent 17 years at Sony Electronics and went on to hold a variety of executive positions with retailers. He was previously president and CEO of Sears Canada and held executive positions with Sears, Kmart, Toys R Us and Best Buy. He was also president and CEO of Brookstone.

For more:
- see this Barnes & Noble press release