TORONTO, Dec. 29,
2023 /CNW/ - As we prepare to turn the final pages on
2023, and start a fresh chapter in 2024, Indigo Books & Music Inc. is pleased to
highlight the leadership in place to help drive the organization's
mission to 'inspire reading and enrich lives' in all of
Canada. Together, with our 5000+
employees from coast to coast, we look forward to adding a little
joy to our customers' lives, each time they interact with us.
At the Board level, Markus Dohle,
the former global Chief Executive Officer of Penguin Random House,
serves as Chair of the Board. Eileen
Naughton, former Chief People Officer at Google and a member
of Indigo's Board, now serves as Chair of the Human Resources,
Compensation and Governance Committee. Donald Lewtas, a former Managing Director at
Onex Corporation, continues to serve as Chair of the Company's
Audit Committee.
At the Executive level, Indigo is led by Heather Reisman, Chief Executive Officer, who
continues to drive the Company forward with the same passion for
booklovers, writers and publishers as she did when she founded
Indigo 26 years ago. She is joined by an experienced and dedicated
leadership team with deep commitment to Indigo. The team was
recently further strengthened with the addition of Iain Kennedy, who until recently was Chief
Technology Officer at Canadian Tire. Further information on
Indigo's Board members and Executive team can be found at
www.indigo.ca.
Finally, at a recent event focused on the future vision of
Indigo, Heather Reisman was asked a
question about what Indigo has done to address past Board
resignations and the allegations of mistreatment by a former Board
member. The Company had already spoken on these matters in its
press release dated June 7, 2023. As
the press release confirms, the concerns raised by the former Board
member, Dr. Oriuwa, as her reasons for resigning were brought
to the attention of Indigo's Board at the time of her resignation.
Indigo and Ms. Reisman have not and will not comment further on
these matters.
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 of indigo.ca
SOURCE Indigo Books & Music
Inc.
