Indigo Books & Music Inc. Appoints New President, CFO
March 22 2011 - 4:43PM
PR Newswire (Canada)
TORONTO, March 22 /CNW/ -- TORONTO, March 22 /CNW/ - Indigo Books
& Music Inc. (TSX: IDG), Canada's largest book, gift and
specialty toy retailer today announced the appointment of veteran
retailer and current Indigo Board member Tedford G. Marlow to the
position of President effective April 1st. From July 2001 to June
2010, Mr. Marlow served as the Global President of the Urban
Outfitters brand. Over the course of nine years he led a period of
dramatic growth for Urban Outfitters through retail store expansion
in North America and Europe. Prior to joining Urban Outfitters, Mr.
Marlow held a variety of senior leadership and merchant roles with
some of North America's most venerable retailers, including Neiman
Marcus, Saks Fifth Avenue and Limited, Inc. Joel Silver, who has
served as President for the last several years, will be appointed
to Indigo's Board of Directors and will lead Trilogy Growth, a
partnership with Trilogy Retail Enterprises LP, the majority
shareholder of Indigo. Indigo is also delighted to announce the
appointment of Kay Brekken, Senior Vice President, Finance to the
position of Chief Financial Officer, effective April 1st. Ms.
Brekken succeeds outgoing CFO and COO Jim McGill who will remain
with Indigo in the COO role until July. Ms. Brekken has been
with Indigo since 2003, most recently as Chief Accounting
Officer. Ms. Brekken graduated Summa Cum Laude from the
University of Minnesota with a Bachelors of Business Administration
and later completed with Honors, an MBA from the University of
Washington. Commenting on the changes Indigo Founder and CEO
Heather Reisman said, "We are deeply grateful for the contributions
that have been made by both Mr. Silver and Mr. McGill. Each has
made an invaluable imprint on our Company." She added: "It is most
exciting to welcome Ted to our Company. As our industry changes, we
are committed to becoming the world's first lifestyle store for
booklovers as well as being major participants in the evolving
world of ereading through KOBO." Forward-Looking Statements
Statements contained in this news release that are not historical
facts are forward-looking statements which involve risk and
uncertainties that could cause results to differ materially from
those expressed in the forward-looking statements. Among the key
factors that could cause such differences are: general economic,
market or business conditions in Canada; competitive actions by
other companies; changes in laws or regulations; and other factors,
many of which are beyond the control of the Company. About Indigo
Books & Music Inc. Indigo is a publicly traded Canadian company
listed on the Toronto Stock Exchange (TSX:IDG). As the largest
book, gift and specialty toy retailer in the country Indigo
operates in all provinces and one territory under different banners
including Indigo Books & Music; Indigo Books, Gifts, Kids;
IndigoSpirit, Chapters, The World's Biggest Bookstore, and Coles.
The online division, www.chapters.indigo.ca, features books,
eBooks, toys, music and DVDs, and hosts the award winning Indigo
Online Community. Indigo is also the majority shareholder of KOBO
Inc. a leading global destination for eReading. To view this news
release in HTML formatting, please use the following URL:
http://www.newswire.ca/en/releases/archive/March2011/22/c5461.html
p Janet Egerbr/ Director, Public Relationsbr/ 416 342 8561br/ a
href="mailto:jeger@indigo.ca"jeger@indigo.ca/a /p
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