Barnes & Noble fires CEO Demos Parneros for violating company policies

referring to Barnes & Noble said Tuesday that it has fired CEO Demos Parneros for violating company policies. Parneros will not receive any severance and is no longer a director on its board, the company said in its statement. Barnes & Noble said it fired Parneros under the advice of its law firm Paul, Weiss, Rifkind, Wharton & Garrison. Barnes & Noble said it will begin its search for a new CEO and that it has tapped a group of leaders to run the company in the interim. That group includes chief financial officer Allen Lindstrom, chief merchandising officer Tim Mantel and vice president of stores Carl Hauch.

Barnes & Noble fires CEO for 'violations of company policies'

July 4 (UPI) -- Barnes & Noble board members fired CEO Demos Parneros for "violations of the company's policies," the bookstore chain announced Tuesday. "Mr. Parneros' termination is not due to any disagreement with the Company regarding its financial reporting, policies or practices or any potential fraud relating thereto," the company said in a statement. The company did not mention any specifics about which policies Parneros allegedly violated. Parneros held the CEO position for just under 15 months. The company said it appointed a leadership group consisting of several other executives to take over operations until a replacement for Parneros is found.

Barnes & Noble CEO fired for violating company policy

according to (CNNMoney) The CEO of Barnes & Noble has been fired for unspecified violations of company policy. Barnes & Noble said the board was advised by a law firm in deciding to fire Parneros. Related: 5 things Barnes & Noble can do to save itselfThe company also reaffirmed its profit guidance for the current fiscal year. In the meantime, a leadership group, including the chief financial officer, will handle the CEO's duties. Barnes & Noble operates 630 stores in the United States and has 23,000 employees.