Barnes & Noble CEO Ouster Is Latest Setback in Age of Amazon
- Book and gift seller won’t say why Parneros was terminated
- Leadership group will assume duties until a new CEO is named
Photographer: Eric Thayer/Bloomberg
This article is for subscribers only.
Barnes & Noble Inc.’s sudden firing of its chief executive officer after only 14 months on the job dealt another setback to the embattled book seller as it struggles against stiffer competition from Amazon.com Inc.
The sudden vacancy at the top leaves Barnes & Noble treading water while it looks for a new leader, said Neil Saunders, a GlobalData Retail analyst. “And in this kind of environment that’s really fast-paced from all the new competition, you can’t really afford to stand still for very long,” Saunders said.