Barnes & Noble Inc. named Demos Parneros as its new chief executive, making him the fifth leader in four years to be tasked with turning around the bookseller’s fortunes. Mr. Parneros is being elevated from chief operating officer, a position he had assumed at Barnes & Noble in November. A veteran retailer who previously spent nearly 30 years at Staples Inc., he faces numerous challenges at the bookstore chain.

Source: Wall Street Journal April 27, 2017 03:56 UTC