Barnes and Noble has been experiencing a dramatic executive shuffle in the last few years. Not only has the Nations largest bookseller replaced the CEO of the entire company, but the entire Nook division has seen every single key person leave. Today, B&N has announced that Mitchell Klipper, Chief Executive Officer of the Retail Group, will retire by May. The Company said it has begun a search to fill Mr. Klipper’s position and that he will help with the selection of the new Retail CEO and in the transition process.
Klipper has been working for Barnes and Noble for over 28 years and previously acted as the company’s operating chief and chief financial officer. Before taking over as retail CEO, he oversaw the company’s development segment, which is responsible for its real estate operations.
Over the cost of his vast history with the company he picked new locations for bookstores, oversaw construction and design for more than 600 Barnes Noble’s superstores in the US.
Barnes and Noble reported during a recent earnings report that booksales will will be flat this year, which is better than the projected decline they made late last year.