Indigo Books & Music Names President Peter Ruis Also As CEO To Succeed Heather Reisman

RTTNews | 1037 days ago
Stocktwits
Indigo Books & Music Names President Peter Ruis Also As CEO To Succeed Heather Reisman

(RTTNews) - Indigo Books & Music Inc. (IDG.TO), Canada's book and lifestyle retailer, announced Tuesday that its Board has approved leadership changes within the organization effective September 5, 2022.

Heather Reisman, Indigo's founder & Chief Executive Officer, has been appointed Executive Chair, while Peter Ruis, Indigo's President, will assume the role of CEO. Andrea Limbardi, Indigo's Chief Customer and Digital Officer, has been appointed President. Additionally, Ruis has been appointed as a member of Indigo's Board of Directors.

As Executive Chair, Reisman will continue to drive Indigo's vision and growth strategy while also remaining deeply involved in the business.

The Board and its Human Resources, Compensation and Governance Committee have been involved in the entire succession planning process and worked with the executive leadership team to ensure an effective and seamless transition.

Tags: IDG.TO
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U.S. Wholesale Inventories Dip In Line With Estimates In May

U.S. Wholesale Inventories Dip In Line With Estimates In May

A report released by the Commerce Department on Wednesday showed a modest decrease by wholesale inventories in the U.S. in the month of May. The Commerce Department said wholesale inventories fell by 0.3 percent in May after inching up by 0.1 percent in April. The pullback by inventories matched economist expectations as well as the flash estimate.
RTTNews | 3h 40min ago
Bay Street May Open On Positive Note

Bay Street May Open On Positive Note

Slightly higher Canadian and U.S. futures point to a marginally positive start for Canadian shares on Wednesday. The focus will be on trade deal negotiations.
RTTNews | 5h 1min ago
Yen Falls As Traders Speculate BoJ Rate Hike Pause

Yen Falls As Traders Speculate BoJ Rate Hike Pause

The Japanese yen weakened against other major currencies in the late Asian session on Wednesday, as traders reduced their bets on an immediate interest rate hike by the Bank of Japan (BoJ) due to worries about the possible economic effects of US President Donald Trump's trade tariffs.
RTTNews | 5h 56min ago
Malaysia Central Bank Cuts Policy Rate For First Time Since 2020

Malaysia Central Bank Cuts Policy Rate For First Time Since 2020

Malaysia's central bank lowered its key interest rate for the first time in five years on Wednesday to underpin economic growth amid the ongoing trade tariff uncertainty. The Monetary Policy Committee of Bank Negara Malaysia decided to reduce the Overnight Policy Rate by 25 basis points to 2.75 percent. The ceiling and floor rates of the corridor of the OPR were correspondingly reduced.
RTTNews | 5h 57min ago
FTSE 100 Modestly Higher

FTSE 100 Modestly Higher

The UK market remains firmly placed in positive territory a little past noon on Wednesday, holding gains after a steady start, amid rising optimism about the European Union striking a deal with the U.S. in the coming weeks.
RTTNews | 6h 14min ago
CAC 40 Up 1.25% On Trade Deal Optimism

CAC 40 Up 1.25% On Trade Deal Optimism

French stocks are up in positive territory on Wednesday, extending gains to a third straight session, amid optimism about U.S. and the European Union striking a deal sometime soon, despite U.S. President Donald Trump's threat that steep tariffs will be imposed on copper imports, and pharmaceuticals.
RTTNews | 6h 39min ago
DAX Rises Sharply On US-EU Trade Deal Hopes

DAX Rises Sharply On US-EU Trade Deal Hopes

German stocks climbed up on Wednesday, lifting the benchmark DAX to a one-month high, as expectations of a US-European Union deal helped underpin sentiment.
RTTNews | 6h 53min ago
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