Here are just a few of the interesting executive changes making the headlines over this past week:
Boire Out at Barnes & Noble
Book retailer Barnes & Noble announced the resignation of Ronald Boire. He had held the CEO post less than a year. But after the release of the 2016 annual financial report, it was determined that Boire was not the man to lead the company as it chases online bookseller Amazon.com. Chairman and founder Leonard Riggio has had to forego his retirement as he and the management team assume Boire’s duties until a new CEO is selected. Riggio has also been associated with MBS Textbook Exchange and GameStop in leadership or as a shareholder .
Northern Oil & Gas Names Interim CEO
Minnesota-based oil and natural gas producer Northern Oil and Gas changed CEOs in midstream. The change came at a time when previous CEO Michael Reger was named in an ongoing SEC investigation concerning stock manipulation of Dakota Plains shares. Thomas Stoelk, CFO since late 2011, was named interim CEO. A longtime energy industry veteran, Stoelk has held financial leadership positions at Superior Well Services, Great Lakes Energy, and Range Resources.
Proxy Fight at Viacom Leads to Ousting of Dauman
Cable TV and film producer Viacom settled its differences with a major shareholder with the resignation of Philippe Dauman as president and CEO. The proxy fight with majority stock holders National Amusements and NAI Entertainment Holdings started in January of this year. Dauman will remain chairman until the next shareholders meeting after the fiscal year-end. Thomas Dooley, COO since May 2010, was named interim president and CEO. Dooley had been with the old Viacom in leadership roles from 1980 until 2000.
Look for more Executives on the Move next week!
Jim Harris is a project editor for D&B Sales & Marketing Solutions, including Hoover’s. He has worked for D&B for over 20 years. Prior to that, he spent 20 years as a US Army Intelligence NonCom & Warrant Officer and eight years as a federal government contractor.