Indigo Books and Music Inc. says founder Heather Reisman will retire as executive chair and as a director this summer, while four other members of its board have also stepped down.
The company says director Chika Stacy Oriuwa indicated she resigned “because of her loss of confidence in board leadership and because of mistreatment.”
In addition to Oriuwa, Indigo says Frank Clegg, Howard Grosfield and Anne Marie O’Donovan have also stepped down as directors. No explanation for their departures was given.
- Province interfering in Edmonton housing sets disturbing precedent: Calgary mayor
- Consultants for Hydro-Québec defend proposal to double energy costs for data centres
- Corus completes recapitalization transaction, appoints new Board
- Emera inks Canadian Utilities merger deal with ATCO to create $72B energy ‘powerhouse’
Indigo wished the departing directors well and thanked them for their contributions.
The retailer says Reisman will retire as executive chair and from the board effective Aug. 22.
Reisman stepped down as chief executive of Indigo last year as part a transition that saw Peter Ruis, who had been the retailer’s president, promoted to chief executive.
Comments
Want to discuss? Please read our Commenting Policy first.