TORONTO, Sept. 7,
2023 /CNW/ - Indigo
Books & Music Inc.'s (TSX: IDG) Board of Directors today
announces the resignation of its Chief Executive Officer,
Peter Ruis, thanks him for his
contributions to the Company and wishes him well as he moves on to
new challenges in his career. Peter has agreed to serve Indigo as a
consultant for the next two months to support a smooth transition
in leadership.
With Peter's departure, the Board is focused on acting swiftly
to determine the right leader to move the Company forward.
In the interim, Craig Loudon, the
Chief Financial Officer, and Damien
Liddle, the Senior Vice-President and General Counsel, will
work closely with the Board, to provide day to day direction.
About Indigo Books & Music
Inc.
Indigo is a publicly traded Canadian company listed on the
Toronto Stock Exchange (IDG). Indigo is Canada's leading book and lifestyle retailer,
offering a curated assortment of books, gifts, home, wellness,
fashion, paper, baby and kids products, that support customers by
simplifying their journey to Living with Intention. The
Company operates retail stores in all ten provinces and one
territory in Canada, and also has
retail operations in the United
States through a wholly-owned subsidiary, operating one
retail store in Short Hills, New
Jersey. Retail operations are seamlessly integrated with the
Company's digital channels, including the www.indigo.ca
website and the mobile applications, which are extensions of the
physical stores and offer customers an expanded assortment of book
titles, along with a meaningfully curated assortment of general
merchandise. Indigo believes in real books, in living life fully
and generously, in being kind to each other and that stories – big
and little – connect us.
The Company supports a separate registered charity, called the
Indigo Love of Reading Foundation (the "Foundation"), which is
committed to addressing educational inequality, and more
specifically, the literacy crisis in Canada. The Foundation provides resources
including new books and learning materials, training and year-round
curation support to help ensure teachers, education staff, school
administrators and other key stakeholders have the tools they need
to promote literacy in their communities. With the support of the
Company, its customers, employees, and suppliers, the Foundation
has committed over $35.0 million to
more than 1,000,000 students across Canada since 2004.
To learn more about Indigo, please visit the "Our Company"
section at indigo.ca.
SOURCE Indigo Books & Music
Inc.